Neco2019.042tvseries.com

Disqus Shortname



Home | WAEC | NECO | WAEC GCE GCE | NECO GCE | NABTEB | JAMB UTME


ADS: JAMB: SEE HOW TO SCORE 250 TO 270 MARKS IN 2019 UTME EXAM. 100% GUARANTEED.


ADS: 2019 COMPLETE WAEC (MAY / JUNE) TIME TABLE(CLICK HERE)

ADS: CHECKOUT OUR EXAM DAILY SUBSCRIPTION PACKAGE

» freebeat » Music » News » Video » Central Bank Of Nigeria Continues Tightening Measures

Central Bank Of Nigeria Continues Tightening Measures

Gananews
Add Comment
freebeat, Music, News, Video
Thursday, 26 July 2018

… Says FG, states still fail to save for rainy days

… Drop in reserves due to capital outflow

…Encourages large firms to issue commercial papers

Rising from its 262nd meeting, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday in Abuja, voted in the majority to hold key rates constant, signifying continuation of the tightening measures in the monetary circle.

The committee retained Monetary Policy Rate (MPR) at 14.0 per cent Cash Reserve Ratio (CRR) at 22.5 per cent; Liquidity Ratio at 30.0 per cent; and Asymmetric corridor at +200 and -500 basis points around the MPR.

Amidst anticipated huge elections spending, 2018 budgetary expenditure and the inability of the federal government/the states to save some of the oil revenue funds for the impeding hard times, the Central Bank of Nigeria (CBN) has maintained a firm grip on the interest rate regime to consolidate the gains being recorded on inflation.

For the 11th time, the CBN held the benchmark interest rate at 14 percent despite strong positions from some economic watchers for it to be relaxed so the banks can lend more to the economy.

However the MPC said it considered the option of tightening, believing that tightening would curtail the threat of

a rise in inflation, even as the injection from the fiscal authorities would still provide the

economy with substantial liquidity.

Reading the communiqué, the CBN Governor, Mr. Godwin Emefiele said “Notwithstanding the deceleration in headline inflation, the current double digit inflation rate remains above the Bank’s 6-9 per cent target range. In addition, the Committee was of the view that tightening would help stem the tide of capital flow reversals in the face of sustained monetary policy normalization in the US. This, the Committee believed would rein-in inflationary pressure and moderate inflation rate to single digit, increase real interest rate, build

Investor confidence with attendant positive impact on capital inflows and further stabilize the country’s exchange rate.”

MPC also lamented that in spite previous warning that the three tiers of government should save for the rainy day, which they seem not to heed as they continue to spend almost all of the revenues earned by the federation.

To stimulate lending at reduced interest rates to the key sectors of the economy like agriculture and industries, the MPC announced two initiatives.

“We discussed extensively on what can be done to encourage banks to advance credits to the real sector. Based on the May 2018 MPC meeting, the MPC was concerned that credit advance to the economy was sliding. At this meeting, we find a somewhat improvement but we feel that we must still do what we want to do. Some approaches were considered:” he stated.

“The first approach is where we said in order to achieve the objective of lowering interest rates particularly to those priority sectors like the manufacturing sector, and agric sector, we will encourage large corporates to issue commercial paper notes in the market spelling the details of what they will do with that money. And that in order to encourage the banks, we expect the commercial papers to come to the market at single digits interest rates, and for long tenures – as high as five years or seven moratorium and if the CBN sees these notes in the market, it will complement the banks by lending to that corporate at single digit” he said.

He explained that measure “is not meant to be in competition with the banks but to complement the banks as the money will still go through them anyways. But the important thing is that we will see that single digit rates can go through this means” he said.

“Secondly, if a bank loans money for verifiable new projects and plants expansion not refinancing, for seven years, inclusive of two years moratorium at 9 percent interest rate, the CBN will go into that bank CRR and release cash from our CRR, and release that equivalent to that bank at zero cost which means the bank earns a spread of 9 percent interest. We feel this is normal and it’s something that should be given a chance” he explained further.

“In the past, we have reduced CRR, and released liquidity into the market but it wasn’t channeled into employment generating and high output sectors of the economy. We believe this will work. But some more details will be provided to the banks and the public” he noted.





We appreciate you for reading On baze360, but we think it will be better you like our facebook fanpage and also follow us on twitter below.
Follow @Yloadedofficial
Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music on baze360 by clicking here. You can also advertise your product or brand by clicking here.
Tweet
Title : Central Bank Of Nigeria Continues Tightening Measures
Description : … Says FG, states still fail to save for rainy days … Drop in reserves due to capital outflow …Encourages large firms to issue commercial pa...
Rating : 5
Related Posts: freebeat, Music, News, Video

0 Response to "Central Bank Of Nigeria Continues Tightening Measures"

← Newer Post Older Post ⇒ Home
Subscribe to: Post Comments (Atom)

RECENT POSTS

  • NECO 2019 Maths Obj And Essay Answer – June/July Expo
    NECO Mathematics Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. Mathematics OBJ: 1-10: DBBCBDEDCC 11-...
  • NECO 2018 Physics Obj And Essay Answer – June/July Expo
    NECO Physics Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2018 Expo Runz. Physics OBJ: 1BBBBAAEECD 11CCBCDDAADC 21EEACBAEC...
  • NECO 2019 Physics Obj And Essay Answer – June/July Expo
    NECO Physics Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. invite your friends and family to 0...
  • NDLEA arrests three people 56kg of Cannabis in Yobe State
    Operatives of the National Drug Law Enforcement Agency, NDLEA, in Nguru, Yobe State Command, have arrested three suspects (2 men and one wom...
  • LYRICS & INSTRUMENTAL: BOJ & AJEBUTTER22 – YAWA
    DOWNLOAD INSTRUMENTAL HERE BOJ & AJEBUTTER22 – YAWA (PROD. SPAXX) Alternative music seems to be popping heavy right now and this gets mo...
  • Waec GCE 2017 Physics Obj And Essay Answer – Nov/Dec Expo
    WAEC GCE Physics Obj And Essay/Theory Questions and Answer – NOV/DEC 2017 Expo Runz. Tomorrow is Not Gonna Be Free Thanks  »   PHYSICS OBJ: ...
  • DOWNLOAD ALBUM: TINASHE — JOYRIDE (zip/mp3/itunes)
    DOWNLOAD TINASHE REVEALS ‘JOYRIDE’ ALBUM TRACKLIST Earlier this month, Tinashe revealed that her debut album Joyride would finally be out o...
  • NECO 2019 Literature-In-English Obj and Prose Answer – June/July Expo
    NECO Literature-In-English (prose) Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. Literature OBJ: 1...
  • BBNaija:  'Horny' Princess can't take her hands off Angel as they share a bed (Video)
      Seems like Princess and Angel are finally getting along after they failed to feel the paring vibe between their partners Bitto and Ifu Enn...
  • NECO 2019 Government Obj And Essay Answer – June/July Expo
    NECO Government Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. invite your friends and family to 042t...

Search This Blog

Contact form

Name

Email *

Message *

Featured post

NECO 2020 Economics Obj And Essay Answer – Oct/Nov Expo

  NECO Economics Obj And Essay/Theory Solution Questions and Answer – Oct/Nov 2020 Expo Runz. If you want to Get the Answers Direct To Your ...

Advertisement


http://addurl.nu

Pages

  • Home

Neco2019.042tvseries.com

Powered by Blogger.

Events

Videos

Report abuse

Blog archive

  • October (2)
  • July (9)
  • June (23)
  • May (10)
  • April (7)
  • February (1)
  • January (21)
  • December (2)
  • November (11)
  • October (8)
  • September (13)
  • August (10)
  • July (365)
  • June (33)
  • May (23)
  • April (74)
  • March (480)
  • February (1403)
  • January (29)
  • December (38)
  • November (32)
  • October (20)
  • September (29)
  • August (2)
  • July (30)

Like on Facebook

Random Posts

Flickr

Social Share

Featured Posts

Recent in Sports

Recent comments

Main Menu

  • Home
  • About
  • Contact

Sample Text

Text Widget

BUSINESS$type=complex$count=4

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

Labels

Entertainment News Music Video freebeat Education BettingTips WAEC GCE 2019 neco 2018 Jamb Waec 2019 Expo Waec Gce 2018 jamb runz 2019 Movies Soort Sport Waec 2018 informationng.com Btcrevenue.org Nabteb Porn Sub Business Jiji.ng Khrisfame King Monada – Malwedhe Movies/TV Series Neco Neco 2019 Result checker Richest Musicians In Nigeria 2018 Top 20 Story Upgrade WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE] Waec Daily Subscription Waec Gce 2019 Timetable giveaway

ARCHITECT$type=one$count=3

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

POLITICS$type=left$va=0$count=3

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

TRAVEL$type=carousel

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

TECH$type=three$author=hide$comment=hide$rm=hide

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

Labels

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

Label Manager

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

Top Featured

Social Media Icons

  • twitter
  • facebook
  • gplus
  • instagram
  • rss
  • youtube
  • pinterest
  • pinterest

Social Media Icons

  • Home
  • About
  • Contact

Social Media Icons

  • twitter
  • facebook
  • gplus
  • instagram
  • rss
  • youtube
  • pinterest

Social Media Icons

  • Contact us
  • News
  • Education
  • Home

Menu

  • Home
  • About
  • Contact
  • Adverstise
  • __DropDown 3
  • _ShortCodes
  • _SiteMap
  • _Error Page
  • Seo Services
  • Documentation

Pages - Menu

  • Home

Social Media Icons

  • facebook
  • twitter
  • instagram
  • pinterest
  • gplus
  • Home
  • JAMB
  • JAMB RESULT CHECKER
  • NECO RESULT CHECKER
  • OUR SUBSCRIPTION
  • RESULT CHECKER
  • WAEC GCE
  • WAEC RESULT CHECKER

U2FsdGVkX1+K/OzEzn2AiTNMIhllGA+fDmozgMCdaOLUJEiFBELymeieG4SeWgfw

  • WAEC GCE 2019


Follow Me

    Fast & Easy Contact•
          Whatsapp:-  09022907087
  Call:-  09022907087
no

Categories

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

Name

Email *

Message *

Popular Posts

  • NECO 2019 Maths Obj And Essay Answer – June/July Expo
    NECO Mathematics Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. Mathematics OBJ: 1-10: DBBCBDEDCC 11-...
  • NECO 2018 Physics Obj And Essay Answer – June/July Expo
    NECO Physics Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2018 Expo Runz. Physics OBJ: 1BBBBAAEECD 11CCBCDDAADC 21EEACBAEC...
  • NECO 2019 Physics Obj And Essay Answer – June/July Expo
    NECO Physics Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. invite your friends and family to 0...
  • NDLEA arrests three people 56kg of Cannabis in Yobe State
    Operatives of the National Drug Law Enforcement Agency, NDLEA, in Nguru, Yobe State Command, have arrested three suspects (2 men and one wom...
  • LYRICS & INSTRUMENTAL: BOJ & AJEBUTTER22 – YAWA
    DOWNLOAD INSTRUMENTAL HERE BOJ & AJEBUTTER22 – YAWA (PROD. SPAXX) Alternative music seems to be popping heavy right now and this gets mo...
  • Waec GCE 2017 Physics Obj And Essay Answer – Nov/Dec Expo
    WAEC GCE Physics Obj And Essay/Theory Questions and Answer – NOV/DEC 2017 Expo Runz. Tomorrow is Not Gonna Be Free Thanks  »   PHYSICS OBJ: ...
  • DOWNLOAD ALBUM: TINASHE — JOYRIDE (zip/mp3/itunes)
    DOWNLOAD TINASHE REVEALS ‘JOYRIDE’ ALBUM TRACKLIST Earlier this month, Tinashe revealed that her debut album Joyride would finally be out o...
  • NECO 2019 Literature-In-English Obj and Prose Answer – June/July Expo
    NECO Literature-In-English (prose) Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. Literature OBJ: 1...
  • BBNaija:  'Horny' Princess can't take her hands off Angel as they share a bed (Video)
      Seems like Princess and Angel are finally getting along after they failed to feel the paring vibe between their partners Bitto and Ifu Enn...
  • NECO 2019 Government Obj And Essay Answer – June/July Expo
    NECO Government Obj And Essay/Theory Solution Questions and Answer – JUNE/JULY 2019 Expo Runz. invite your friends and family to 042t...

DOWNLOAD LATEST NAIJA MUSIC

  • CLICK HERE TO DOWNLOAD LATEST MUSIC

Labels

  • BettingTips
  • Btcrevenue.org
  • Business
  • Education
  • Entertainment
  • freebeat
  • giveaway
  • informationng.com
  • Jamb
  • jamb runz 2019
  • Jiji.ng
  • Khrisfame
  • King Monada – Malwedhe
  • Movies
  • Movies/TV Series
  • Music
  • Nabteb
  • Neco
  • neco 2018
  • Neco 2019
  • News
  • Porn
  • Result checker
  • Richest Musicians In Nigeria 2018 Top 20
  • Soort
  • Sport
  • Story
  • Sub
  • Upgrade
  • Video
  • Waec 2018
  • WAEC 2018 All Questions & Answers Direct To Your Phone As SMS [CLICK HERE TO SUBSCRIBE]
  • Waec 2019 Expo
  • Waec Daily Subscription
  • Waec Gce 2018
  • WAEC GCE 2019
  • Waec Gce 2019 Timetable

PING
Copyright 2019 Neco2019.042tvseries.com - All Rights Reserved