Justice, Integrity, and Vigilance

The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 27.5%, a move that reflects the bank's cautious approach to monetary management. This decision was made during the 300th Monetary Policy Committee (MPC) meeting, where all 12 members voted unanimously to maintain the current policy rates. Key Highlights - *Monetary Policy Rate (MPR)*: Retained at 27.5% to maintain price stability and support economic recovery. - *Asymmetric Corridor*: Maintained at +500/-100 basis points around the MPR to ensure liquidity management. - *Cash Reserve Ratio (CRR)*: Held at 50% for Deposit Money Banks and 16% for Merchant Banks to control liquidity. - *Liquidity Ratio*: Left unchanged at 30% to ensure banks' liquidity and stability. Expert Analysis Industry experts had predicted the CBN's decision to retain the MPR at 27.5%. According to Olaitan S. Sunday, Managing Director of Rostrum Investment & Securities Ltd, "Holding the MPR at 27.5% will co...

  In a momentous occasion that signifies a new chapter in federal-state cooperation, President Bola Ahmed Tinubu, GCFR, unlike his predecessor, is set to visit Anambra State on Thursday, May 8, 2025. Anambra represents a lot to the South Easterners. Hence, this visit is unlike any other. I am elated to join Mr. Governor and the good people of Anambra State in welcoming the President to the State. Mr. President, you and your powerful entourage are most welcome to Anambra.  This landmark event not only underscores the your commitment to the Southeast region's progress but also highlights the spirit of collaboration between the federal government and Governor Charles Chukwuma Soludo's administration President Tinubu's leadership style is a beacon of hope for a brighter future. His willingness to transcend partisan lines and build an inclusive government is a testament to his dedication to national unity. The appointments of Lady Bianca Ojukwu as Minister of State for Foreign A...