LATEST NEWS

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria meets today to review key issues around the monetary policy rate (Interest Rate), Cash Reserve Ratio (CRR), Liquidity Ratio and the Asymmetrical rate Corridor , various local stakeholders expect the Bank to hold indicative policy ratios constant as it assess the impact of the last rate cut.

The Monetary Policy Committee (MPC) will hold its penultimate meeting for the year on September 19 and 20, 2019. This is the fifth meeting for the year and will afford the committee an opportunity to critically evaluate the quality of its previous decisions vis-a-vis the state of the Nigerian economy.

The Transport fare watch report for August 2019 covers the following categories namely bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.