MPC review: Cash Reserve Ratio (CRR) ajdusted upward by 500bps to 27.5%.

January 24, 2020/Cordros Update The Monetary Policy Committee (MPC) in the first-rate decision of the year, took a different twist, electing to adjust the Cash Reserve Ratio (CRR) upward by 500bps to 27.5%. while holding all other parameters at current levels. At the crux of the committee’s consideration were events […]

Nigeria’s MPC Retains MPR at 13.5%, Raises CRR to 27.5% from 22.5%

January 24, 2020 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-In line with expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo at the end of its meeting on Friday and Retain the Monetary Policy Rate (MPR) at 13.5 percent. Monetary Policy Committee increased the […]

Seplat committed to more asset acquisitions, growth – Avuru

January 23, 2020/Seplat Seplat Petroleum Development Company Plc, an indigenous oil and gas firm listed on the Lagos and London stock exchanges, remains committed to more asset acquisitions in the exploration and production space, and to organic growth, the Chief Executive Officer of the company, Mr. Austin Avuru has said. […]