By Financescape The Nigeria Bureau of Statistics (NBS) has announced that Nigeria’s Gross Domestic Product rose by 0.51% Year-on-Year in real timers in the first quarter of 2021, making two consecutive quarters of growth following the negative growths rates recorded second and third quarters of 2020. NBS declared that the first […]
Tag: GDP
CBN MPC voted to hold MPR at 11.5%
By Financescape The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5%. Decisions The MPC decided to maintain current policy parameters. Monetary Policy Rate (MPR) at 11.50%. The asymmetric corridor at +100/-700 bps around the MPR. Cash Reserve […]