Trending News: NANGO’s Historic Election: A Milestone in Democratic GovernanceAdamawa State Clarifies Salary Deductions for Civil Servants/Digital News & MagazineThe Technical Review Workshop of iMMAP Inc. on October 11, 2024, at Fraser Suites, Abuja.Governor Fintiri to Revoke Undeveloped Landed Properties in YolaVC MAU, CNM Provost, Medical Director, Others Join IBDFM Fellow MembershipNigeria @64: I See Hope- Governor FintiriGovernor Ahmadu Fintiri of Adamawa State has claimed that his recent press conference helped protect Nigeria’s electoral process during the Edo State governorship election.Empowering Women, Enhancing Collaboration: Adamawa State Govt Meets with NAWLO RepresentativesAdamawa State Government Donates N50m, 6 Speedboats to Borno Flood VictimsPRESS RELEASEAdamawa Proposes N268.8bn for 2025 Appropriation, Alerts Residents on FloodingThe National Leadership of Historical Society of Nigeria has recommended Governor Ahmadu Umaru Fintiri, for an honour award in recognition of his giant strides and selfless service to the Government and people of Adamawa State.As Adamawa Govt Approves N1.2B Counterpart Funds, SDG Reveals 5 Priority GoalsCourt Sentences 15 ‘Shila Boys’ To Jail Terms For Various Crimes In AdamawaInclusion Of Women In Governance Will Deepen Democracy – Says Gov FintiriGov Fintiri Salutes DSS For Ensuring Public Safety, and Security In Adamawa -Digital News & MagazineGov Fintiri has condoled with family of Late Barrister Jerry Kumdisi, who died after brief illness at the age of 65.Adamawa State Executive Council Awards Multi-Million Naira Contract for Nigerian Law School YolaNewsNLC Demands Immediate Reversal Of New Petrol Price.Gov.Fintiri visits the scene of the hospital fireFMC Staff Cooperative Society Shares N16M Dividends To 1,175 MembersAdamawa Flags off Vaccination Against Haemorrhagic Septicemia (HS) Pandemic~ Dr NyalasAdamawa Govt Approves N19.7bn For Jimeta Modern Shopping Compex ProjectADAS-P In Attendance As MFB Launches Solar Powered Tricycle For FarmersAREWA AND THE BURDEN OF TRUTHPRESIDENT TINUBU APPOINTS NEW DIRECTORS-GENERAL OF NIA, DSSThe Nigeria Labour Congress in Adamawa has expressed deep gratitude to Governor Ahmadu Umaru Fintiri for implementing the N70,000 minimum wage for state workers.Two Officers Killed, Three Injured As Shiites, Police Clash In AbujaGOV. FINTIRI ATTENDS WEDDINGFLOOD IN SHUWA MADAGALI L.GSetting the Bar High: Governor Fintiri’s Visionary Reforms Redefining Governance in NigeriaFair Compensation for Hardwork: Adamawa Workers Get 70,000 Minimum WageFormer Vice President Atiku Abubakar gave away his daughter, Laila Atiku, in marriage to Saleh Maitala at a ceremony held at the National Mosque in Abuja on Friday.All degree certificates from Cotonou University issued between 2017 and the present will be rendered invalid. Additionally, all personnel currently employed by the Federal Government are to be terminated immediately.PDP GOVERNORS’ FORUM2024/4TH MEETING HELD AT GOVERNMENT HOUSE, JALINGO, TARABA STATE ON FRIDAY, AUGUST 23, 2024Governor Fintiri Receives Award for Excellence in Water Supply at Primary Health Care FacilitiesPDP Governors Forum Meets in Jalingo, Taraba StateADAS-P Hosts FOMWAN, Seeks Women Involvement In AgribusinessPeace Dialogue by Muhammad Bakari TukurAdamawa Auditor-General Submits 2023 Audit Report to State AssemblyCommissioner Yayaji Advises ADAS Programme To Put Sustainability Strategies In PlaceGovernor Fintiri receives post-Hajj report, commits to improving future operationsGovernor Fintiri Offers Condolences to Honorable Yahaya SudiGovernor Fintiri Offers Condolences to Honorable Yahaya SudiEndbadGovernance: Russia Distances Self From Nigerian Protesters Waving Its FlagStatewide AddressCommissioner Titus Commends ADAS-P for Outstanding Work, Signals Willingness to CollaborateDeputy Governor Advises Residents To Maintain Clean EnvironmentAdamawa Govt’ Commences Construction Of World Class Veterinary Hospital~ MakshaGov Fintiri’s SA Asma’u Durmin Reaffirms Commitment to Working With Relevant Organisations For Efficient and Effective CoordinationProtest? Poor-taste!Protest: Give us more time, FG begs NigeriansDialogue With Protest Organisers, Reps Urge FGAdamawa PDP Distance Self From Nation Wide Protest, Ask Members To Shun ItNDLEA Captures ‘ Most Wanted’ Drug Leader Sulaiman JimohNationwide protest: SGF, ministers hold emergency meeting todayNo Need of Protest, I’m Addressing Your Grievances, Tinubu Tell NigeriansObi Demands N5bn, Apology From President Tinibu’s SA Over Protest AllegationADAS-P Facilitates Aquaculture Market Strategy Formulation in AdamawaDodo Ends Halima’s Mourning With MaryamAdamawa State’s Concerns Amid Calls for Protest.ADAS Programme Flags off Fertilizer Financing ProgrammeNigeria’s Legislature Should be Part-time ~ Orji KaluI Started LG Autonomy Before The Court Judgement ~ Gov FintiriADHA MOVES TO ESTABLISH TEACHERS SERVICE COMMISSION, HEALTH SUPPLYTelescoping The Forthcoming National Protest From Another Lens4 months withheld salaries: Tinubu directs Ministers of Finance, Education to work out modalities for paymentBreaking: N70,000 Now New Minimum Wage, FG AgreesAdamawa Rated High In Tax RemittancePAWECA Commences Registration Of 10,000 Beneficiaries To Enjoy Fintiri’s Empowerment ProgrammeCOMMUNIQUE ISSUED BY THE PDP GOVERNORS’ FORUM AT THE END OF ITS MEETING IN ENUGU, ENUGU STATE ON WEDNESDAY, 17TH JULY 2024.2024 TREE PLANTING CAMPAIGN: JIGAWA STATE PLANTS 5.5 MILLION TREESAdamawa: The Successful Conduct Of 2024 Hajj OperationGov Fintiri, Bala Other PDP Governors Arrives Enugu to Discuss Over Party National IssuesDesertification: ADAS-P in Collaboration with Qafilatul Mahabba Plants 479 Trees in YolaAdamawa ALGON Elects New LeadershipPresident Tinubu Reinstates Prof. Nenibarini Zabbey as Project Coordinator HYPREPGov Fintiri Swears-In 21 LG Chairmen, Urges Focus On Good GovernanceGov Fintiri Approves Land For FG’s Diaspora Housing Project in AdamawaPDP Secured Landslide Victory in Adamawa Local Council PollsGov. Yusuf Disburses N260 Million Second Batch Women Empowerment InitiativeABU, UNESCO-ICHEI, IIOE plan national dialogue on use of artificial intelligenceSenator Tinubu Commiserates With Victims of Building CollapseAdamawa Govt’ To Assist Victims of Flood Disaster In Michika, Pledged to Arrest Further OccuranceGov Fintiri Commends ADSIEC For Organising Credible ElectionGov Fintiri Exercise His Franchise In Kirchinga, Madagali LGAPlateau Governor Shuts Down Saint Academy After Collapse IncidentSATURDAY’S LG Polls ADAMAWA CP DEPLOYED OPERATIONAL/ MANPOWER ASSETPRESIDENT TINUBU SYMPATHIZES WITH VICTIMS OF TRAGIC BUILDING COLLAPSE IN PLATEAU STATEGOVERNOR ODODO WELCOMES APPEAL COURT JUDGEMENTUNICEF Commends Governor Yusuf for Education Prioritization in Kano StatePresident Tinibu’s ADC Appointed ElemonsGov Fintiri Expressed Readiness To Partner NEDC On Rehabilitation of Waga BridgeConduct LG Polls Now – Akpabio Tells GovernorsAgroforestry Promotion: ADAS-P Holds Engagement Meeting with Qafilatul Muhabba FoundationN423bn fraud: We stand by our report, El-Rufai economical with truth — Kaduna AssemblyBREAKING: It’s Unconstitutional For Govs To Hold LG Funds, Supreme Court DeclaresADAS Programme Congratulates Gov Fintiri on His Conferment of Award of ExcellenceGov Fintiri Reopens Adamawa Homes & Savings Ltd.SSA New Media MB Tukur Congratulates Gov Fintiri On Presidential Infastructure Award

JUST IN: CBN increases interest rate to 24.75%

Muhammad Tukur
News
March 26, 2024
0 Comments

Spread the love

The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This meeting marks the second MPC meeting for the year 2024 and also the 294th meeting of the CBN.

Punch News reports that the MPC at the end of today’s meeting elected to hike the MPR by 200 basis points.

The Committee voted as follows: Raise the MPR by 200bps to 24.75 from 22.75 per cent
Increase the asymmetric corridor to +100bps/-300 basic points.

Retain the Cash Reserve Ratio of Deposit Money Banks at 45 per cent and Adjust the CRR of Merchant banks from 10 per cent to 14 per cent.

The CBN retains a liquidity ratio of 13 per cent.

Post Views: 23