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CBN Reduces Lending Rate To 11 Percent - Business - Nairaland

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Nigeria’s Interbank Lending Rate Rises To 15% – Traders / Cbn Retains Lending Rate At 14% As Faac Shares N429bn / Reducing Lending Rate Will Worsen Economy –CBN (2) (3) (4)

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CBN Reduces Lending Rate To 11 Percent by DONSMITH123(m): 4:19pm On Nov 24, 2015
The Central Bank of Nigeria ended its Monetary Policy Committee meeting in Abuja on Tuesday with a resolution to reduce Monetary Policy Ratio, popularly called lending rate, from 13 per cent to 11 per cent.

The CBN governor, Godwin Emefiele, who announced the resolution of the Committee at the end of its meeting, also said members agreed to cut down on Cash ​Reserve ​Ratio for public and private sectors from 25 to 20 per cent.

The CRR is a monetary policy tool used to set the minimum deposits commercial banks must hold as reserves, rather than lend out during any given period.

Mr. Emefiele said that part of the key resolutions during the meeting was for the CBN to focus on playing its primary role of stimulating the growth of the economy by providing the needed funds commercial banks would use to to promote the continued operation of the real sectors of the economy.

He identified the sectors that would benefit from the special funding support from the CBN to include infrastructure (with emphasis on power), agriculture and the solid minerals.

Cc: lalasticlala

http://www.premiumtimesng.com/business/banking-and-finance/193843-cbn-reduces-lending-rate-to-11-percent.html

2 Likes 1 Share

Re: CBN Reduces Lending Rate To 11 Percent by ify2016: 4:19pm On Nov 24, 2015
What is the impact on average Nigerians suffering in the street. Hope is not another politics of deceit.




11% indeed!!!!.


9ja go better no matter what.

11 Likes

Re: CBN Reduces Lending Rate To 11 Percent by INTROVERT(f): 4:20pm On Nov 24, 2015
Counting down Emefiele's days as governor.

1 Like

Re: CBN Reduces Lending Rate To 11 Percent by Leaventainment: 4:20pm On Nov 24, 2015
oga
Re: CBN Reduces Lending Rate To 11 Percent by Misternas89(m): 4:20pm On Nov 24, 2015
All is well
[size=19pt]Mrnas say so [/size]
Re: CBN Reduces Lending Rate To 11 Percent by Realdeals(m): 4:21pm On Nov 24, 2015
Good step
He identified the sectors that would benefit from the special funding support from the CBN to include infrastructure (with emphasis on power), agriculture and the solid minerals.

2 Likes

Re: CBN Reduces Lending Rate To 11 Percent by oluwaSmith1(f): 4:21pm On Nov 24, 2015
wao...good news for papa chikodi

4 Likes 1 Share

Re: CBN Reduces Lending Rate To 11 Percent by DONSMITH123(m): 4:22pm On Nov 24, 2015
INTROVERT:
Counting down Emefiele's days as governor.

grin grin grin
Re: CBN Reduces Lending Rate To 11 Percent by OnankpaBa(m): 4:22pm On Nov 24, 2015
nice one

1 Like 2 Shares

Re: CBN Reduces Lending Rate To 11 Percent by OnankpaBa(m): 4:25pm On Nov 24, 2015
I wish Buhari will retain Emefiele, i love his policy and transformation

1 Like

Re: CBN Reduces Lending Rate To 11 Percent by DONSMITH123(m): 4:26pm On Nov 24, 2015
OnankpaBa:
I wish Buhari will retain Emefiele, i love his policy and transformation

yea, he's trying but Baba is unpredictable grin

9 Likes 1 Share

Re: CBN Reduces Lending Rate To 11 Percent by captainflash(m): 4:27pm On Nov 24, 2015
ANOTHER GOOD WORK FROM MR PRESIDENT

cool

Haters where are thou?

1 Like

Re: CBN Reduces Lending Rate To 11 Percent by DONSMITH123(m): 4:27pm On Nov 24, 2015
ify2016:
What is the impact on average Nigerians suffering in the street. Hope is not another politics of deceit.




11% indeed!!!!.


9ja go better no matter what.

from 13 per cent to 11 per cent, i think its a welcome development.

10 Likes 1 Share

Re: CBN Reduces Lending Rate To 11 Percent by OnankpaBa(m): 4:28pm On Nov 24, 2015
DONSMITH123:


yea, he's trying but Baba is unpredictable grin



Walahi
Re: CBN Reduces Lending Rate To 11 Percent by Nobody: 4:29pm On Nov 24, 2015
Great where is lalasticlala e don happen

Sai Buhari

Emefiele is still going .........loading. grin

Click "like" if you think Emefiele would be in office when it finally enters single digit.......

3 Likes

Re: CBN Reduces Lending Rate To 11 Percent by OnankpaBa(m): 4:29pm On Nov 24, 2015
Cc: lalasticlala
Re: CBN Reduces Lending Rate To 11 Percent by SirSmithHarry(m): 4:30pm On Nov 24, 2015
great
Re: CBN Reduces Lending Rate To 11 Percent by SirSmithHarry(m): 4:31pm On Nov 24, 2015
Keneking:
Great where is lalasticlala e don happen

Sai Buhari

Emefiele is still going .........loading. grin


yesoooooo
Re: CBN Reduces Lending Rate To 11 Percent by Nobody: 4:31pm On Nov 24, 2015
Seen_next news please.......Baba go slow, is going fast now.....The change we all want is appearing gradually.

2 Likes

Re: CBN Reduces Lending Rate To 11 Percent by Nobody: 4:31pm On Nov 24, 2015
2% only? angry
Not a bad change
grin
Re: CBN Reduces Lending Rate To 11 Percent by simplemach(m): 4:32pm On Nov 24, 2015
First goodnews

1 Like

Re: CBN Reduces Lending Rate To 11 Percent by ikbnice(m): 4:32pm On Nov 24, 2015
If it won't help strenghen the naira against the dollar,

If it won't help us in the fight against terrorism,

If it won't help eradicate poverty,

If it won't help bring stable electricity,

If it won't help bring down the price of petrol,


then ... It doesn't benefit me.

3 Likes

Re: CBN Reduces Lending Rate To 11 Percent by pretydiva(f): 4:33pm On Nov 24, 2015
Great step in d right direction
Re: CBN Reduces Lending Rate To 11 Percent by johntaiwo123(m): 4:33pm On Nov 24, 2015
okay, pls do something fast about the Dollar to Naira value difference. The gap is too wide. Do something ASAP!
Re: CBN Reduces Lending Rate To 11 Percent by Eragablessen(m): 4:33pm On Nov 24, 2015
Good take from CBN. Bad take from oil sector; i sometimes wonder what the increment on fuel was meant for at first. Baba go-slow, keep riding slow biko.

2 Likes 1 Share

Re: CBN Reduces Lending Rate To 11 Percent by osabiya16(m): 4:34pm On Nov 24, 2015
Really?
Re: CBN Reduces Lending Rate To 11 Percent by Dopeyomi(m): 4:34pm On Nov 24, 2015
We go soon carry their matter go give Kogi people








grin

3 Likes

Re: CBN Reduces Lending Rate To 11 Percent by Nobody: 4:34pm On Nov 24, 2015
Re: CBN Reduces Lending Rate To 11 Percent by abumeinben(m): 4:34pm On Nov 24, 2015
Good news ...

He should also reduce the cross-platform ATM65 charge sad
Re: CBN Reduces Lending Rate To 11 Percent by DONSMITH123(m): 4:34pm On Nov 24, 2015
ABJDOT:
Seen_next news please.......Baba go slow, is going fast now.....The change we all want is appearing gradually.



una funny grin grin
Re: CBN Reduces Lending Rate To 11 Percent by akbahbah(m): 4:35pm On Nov 24, 2015
Can somebody pls enlighten me on how this affects common citizens in d country

2 Likes

Re: CBN Reduces Lending Rate To 11 Percent by canalily(m): 4:35pm On Nov 24, 2015
When are going to remove or reduce collateralundecided

1 Like

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