THE
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TIMES
NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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MPC: Anxiety as uncertainty faces financial stakeholders, manufacturers
Motolani Oseni, Lagos
ÏÏÏ Anxiety,
expectations have continued to rise over the likely outcome of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), as it begins its last for the year, between today and tomorrow 20th and 21st of November, 2017. This is because there have been pressures from different financial stakeholders seeking for re-
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duction of the MPR from its current of 14 per cent. But the CBN had stood steadied throughout its meeting in the outgoing year to hold the benchmark interest rate at its current rate. The MPC, at its September meeting, had maintained the Monetary Policy Rate (MPR) at 14 per cent, with the asymmetric corridor at +200 and -500 basis points around the MPR; retained Continued on page 6
MONDAY, NOVEMBER 20, 2017 VOL. 3. NO. 505
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: N305.90 PER DOLLAR, Parallel Market: USD N363 POUND N475 EURO N421 NSE: ASI 36, 930.83 MARKET CAP 12.78 FMDQ O/N 38.92 OBB 37.50 COMMODITIES: Wheat US $427.60/MT Rice US $11.22/MT Cocoa US $2,099.00/Bag Coffee US $125.90/Scoop Cotton US $68.61/Unit Sugar US $14.41/Ounce METALS: Gold US $1272.90/Ounce Silver US $16.79/Ounce Copper US $3.15/Ounce ENERGY: Brent US $63.10/PB, N/Gas US $3.09/CB
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