MPC – InfoStride News

Monetary Policy Rate Hike Spurs Renewed Focus on Currency and Inflation Stability

Temitope Nlewemchi — Wed, 28 Jan 2026 12:06:13 +0000

Nigeria’s recent decision by the Central Bank’s Monetary Policy Committee (MPC) to raise the benchmark interest rate has thrust currency and price stability back into the spotlight, eliciting critical reactions from economists, finance professionals, and business leaders alike. With inflation trending upwards and the naira facing renewed pressure in foreign exchange markets, analysts believe that [...]

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OPS Presses for Rate Cut as MPC Convenes Today

Temitope Nlewemchi — Mon, 12 Jan 2026 20:17:20 +0000

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its 300th meeting on May 19 and 20, 2025, the Organised Private Sector (OPS) is urging the committee to consider reducing the current benchmark interest rate of 27.50%. The OPS argues that a rate cut would alleviate the financial burden on businesses and [...]

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Financial experts divided as the Monetary Policy Committee maintains rate amid inflation concerns

Temitope Nlewemchi — Wed, 23 Jul 2025 15:32:01 +0000

Nigeria’s Monetary Policy Committee (MPC) has chosen to retain the benchmark interest rate at 27.5%, a decision that has elicited mixed reactions among economists, market practitioners, and business stakeholders. This hold reflects an uneasy equilibrium: policymakers are walking a tightrope between high inflation and the risk of stifling economic growth, while observers debate whether the [...]

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Businesses anticipate interest rate reduction as Monetary Policy Committee meets today

Temitope Nlewemchi — Tue, 22 Jul 2025 16:07:31 +0000

Businesses across Nigeria are expressing optimism that the upcoming Monetary Policy Committee (MPC) meeting, scheduled for today, will bring about a reduction in interest rates. This sentiment echoes growing expectations that the Central Bank of Nigeria (CBN) may ease borrowing costs in response to improved inflation dynamics and mounting pressure from the private sector. A [...]

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Monetary Policy Committee approaches pivotal decision following inflation slowdown

Temitope Nlewemchi — Fri, 18 Jul 2025 08:58:59 +0000

Nigeria’s Monetary Policy Committee (MPC) finds itself at a critical crossroads this month as it deliberates the next interest rate decision in light of consecutive months of inflation decline. With inflation easing from historic highs, global uncertainties lingering, and the naira stabilizing, economic observers say the coming MPC meeting could set the tone for monetary [...]

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NDIC Assures Customers of Safety of Deposits in Failed Heritage Bank

Temitope Nlewemchi — Mon, 25 Nov 2024 19:24:33 +0000

The Nigeria Deposit Insurance Corporation (NDIC) has assured customers of the defunct Heritage Bank that their deposits remain secure and will be reimbursed in accordance with the country’s deposit insurance framework. The announcement follows the Central Bank of Nigeria’s (CBN) recent revocation of the bank’s operating license due to insolvency issues. NDIC Managing Director, Bello [...]

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Central Bank of Nigeria Seeks Public Input on Recent Monetary Policy Decisions

Ifeanyi Nwagboso — Mon, 04 Mar 2024 09:00:17 +0000

The Central Bank of Nigeria (CBN) has invited Nigerians to provide feedback on the outcomes of its 293rd Monetary Policy Committee (MPC) meeting, which took place recently. In a post on its official handle onCentral Bank of Nigeria Seeks Public Input on Recent Monetary Policy Decisions Monday, the CBN encouraged the public to share their [...]

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Analysts Forecast MPC to Raise Rates Amid High Inflation

Temitope Nlewemchi — Sun, 25 Feb 2024 17:42:51 +0000

Analysts are predicting that the Monetary Policy Committee (MPC) is likely to raise interest rates in response to persistently high inflation rates. The anticipated move reflects concerns over inflationary pressures and the need for proactive measures to stabilize the economy. The Infosride explores the rationale behind analysts’ predictions, potential implications of a rate hike, and [...]

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Senate Grills MPC Nominees on Forex Crisis and Inflation

Temitope Nlewemchi — Sat, 24 Feb 2024 21:45:11 +0000

The Senate recently engaged nominees for the Monetary Policy Committee (MPC) in a rigorous session focused on addressing the ongoing forex crisis and inflation challenges in the country. The nominees, tasked with influencing key monetary policy decisions, faced probing questions on their strategies to tackle these pressing economic issues. The Infosride delves into the details [...]

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Cardoso CBN Halts Payment to MPC Members Without Notice

Temitope Nlewemchi — Tue, 30 Jan 2024 10:37:45 +0000

In a surprising development, the Central Bank of Nigeria (CBN) has reportedly stopped payments to members of the Monetary Policy Committee (MPC) without prior notice. This move raises questions about the reasons behind the abrupt cessation of payments and its potential implications. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including [...]

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MPC urged to maintain status quo amid inflation, fragile economy

Temitope Nlewemchi — Tue, 27 Jul 2021 19:28:45 +0000

Economy. Photo/financialexpress As the Monetary Policy Committee (MPC) meets, experts have called on the Central Bank of Nigeria (CBN) to keep monetary policy rates at current values while strengthening intervention initiatives in critical sectors of the economy. According to experts, maintaining the status quo and strengthening intervention initiatives would be the most expedient decision to [...]

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