CBN Announces Approved Lending Rate - 9jabestz | Nigeria's No-1 "One Click Download Site"

CBN Announces Approved Lending Rate


Posted by Davoe_D .

CBN Announces Approved Lending Rate


The Central Bank of Nigeira’s approved Monetary Policy Rate is now 11.5 per cent. 

CBN Announces Approved Lending Rate this comes after the Monetary Policy Committee of the Central Bank of Nigeria gave its nod for it to be effected. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. 
It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively, my opinion on this Announced Approved Lending is that the CBN shouldn't have Approved the Lending Rate.

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At the last MPC meeting in September, the committee reduced the MPR from 12.5 per cent to 11.5 per cent. Details later…
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