Latest cbn news

Here are the latest news updates from the Central Bank of Nigeria (CBN):

Recent Developments:

  1. Interest Rate Hike: The CBN has increased the Monetary Policy Rate (MPR) from 12.5% to 13.5% to curb inflation and stabilize the naira.
  2. Fiscal Policy Measures: The CBN has introduced fiscal policy measures to support the economy, including a reduction in the Cash Reserve Ratio (CRR) from 27.5% to 22.5% and a reduction in the Liquidity Ratio from 30% to 25%.
  3. Naira Stabilization: The CBN has taken steps to stabilize the naira, including the introduction of a new foreign exchange window and the implementation of a naira-for-dollar swap program.
  4. Inflation Rate: The CBN has announced that the inflation rate has risen to 12.4% in June 2022, driven by rising food prices and a decline in agricultural production.
  5. Economic Growth: The CBN has projected that the Nigerian economy will grow by 2.5% in 2022, driven by a recovery in the oil sector and a growth in non-oil sectors.

Recent Press Releases:

  1. CBN Introduces New Foreign Exchange Window: The CBN has introduced a new foreign exchange window to improve the efficiency and transparency of foreign exchange transactions.
  2. CBN Reduces CRR and Liquidity Ratio: The CBN has reduced the CRR from 27.5% to 22.5% and the Liquidity Ratio from 30% to 25% to support economic growth.
  3. CBN Announces New Guidelines for Microfinance Banks: The CBN has announced new guidelines for microfinance banks to improve their operations and reduce the risk of default.
  4. CBN Introduces New Agricultural Financing Scheme: The CBN has introduced a new agricultural financing scheme to support farmers and improve agricultural production.
  5. CBN Announces New Guidelines for Payment Service Banks: The CBN has announced new guidelines for payment service banks to improve the efficiency and security of payment transactions.

Recent Speeches:

  1. Speech by the Governor of the CBN: The Governor of the CBN, Godwin Emefiele, has delivered a speech on the state of the economy and the CBN's monetary policy measures.
  2. Speech by the Deputy Governor of the CBN: The Deputy Governor of the CBN, Aisha Ahmad, has delivered a speech on the importance of financial inclusion and the CBN's efforts to promote financial inclusion.

Recent Interviews:

  1. Interview with the Governor of the CBN: The Governor of the CBN, Godwin Emefiele, has given an interview on the state of the economy and the CBN's monetary policy measures.
  2. Interview with the Deputy Governor of the CBN: The Deputy Governor of the CBN, Aisha Ahmad, has given an interview on the importance of financial inclusion and the CBN's efforts to promote financial inclusion.

Please note that the information provided is subject to change and may not be up-to-date. It is recommended to check the official website of the Central Bank of Nigeria for the latest news and updates.