Finally, CBN cuts benchmark interest by 0.5%, two years after
MPR now 13.5%, CRR 21.5% Directs banks to comply with interest cut Says quick implementation of minimum wage’ll stimulate the economy
Mathew Dadiya, Abuja After about two years of tight Monetary Policy Rate (MPR), the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has loosened its tightening on the benchmark lending rate to 13.5 per cent from consistently held 14 per cent https://plus.google.com/+DailytimesNgr/posts
Buhari
dailytimesnigeria
www.facebook.com/dailytimesngr
figure held since July 2016. The 0.5 per cent shift (50 basis point) in MPR reduction is to consolidate on stability recorded by the economy in all fronts; and to spur more lending by Deposit Money Banks (DMBs) in the direction of real and agriculture sector of the economy, two sectors believed to weigh enormous potentials for massive jobs creation. Continued on page 3
WEDNESDAY, MARCH 27, 2019
VOL. 3
NO. 907
N100
g5
My regime committed to creating diversified economy
Says dark days of impunity over ‘Growing the nation’s economy means national growth must impact the silent majority’
L-R: Directors, Africa Prudential Plc, Emmanuel Nnorom and Peter Ashade; Managing Director/CEO, Mr. Obong Idiong; Chairman, Chief Eniola Fadayomi; Company Secretary, Mr. Joseph Jibunoh and Director, Mr. Peter Elumelu, at the 6th Annual General Meeting of the company held in Lagos...on Tuesday.
APC, Oshiomhole imposition of Lawan unconstitutional, will backfire, Ndume warns g 5
INEC fixes Adamawa supplementary gov’ship election for March 28 g 6
We have right to Subscribers field candidates for demand Senate President, prosecution of MTN over data House Speaker, g 6 PDP insists g 6 ‘theft’