Business

CBN Increases Interest Rate

Voice Air Media, News Update

THE monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 26.75 percent to 27.25 percent.

Olayemi Cardoso, CBN’s governor, announced the increase at a press conference on Tuesday after the committee’s 297th meeting in Abuja.

Cardoso said the increase was to further tame inflation.

VAM News

Recent Posts

Osun LG Funds: Stop Busybody Activities, APC Chieftain, Muideen Knocks OSHA, Speaker Over Masking Adeleke’s Failure On Ex-Gov Oyetola

News Update A Chieftain of the All Progressives Congress, APC in Osun state, Prince Abdulrasheed…

40 minutes ago

A Pillar of Ekiti’s Democratic Foundation, Olarewaju Hails Adebayo at 68 birthday

News Update An All Progressives Congress (APC) chieftain and Senior Special Assistant to the President…

1 hour ago

The Reputational Cost of Osun’s Local Government Funds Crisis, By Segun Ojo

By Segun Ojo The ongoing crisis over the control and management of local government funds…

3 hours ago

Man Steals funds from Company, escaped to another state

Bello Saheed Samuel, an employee of an investment company have been before a Federal High…

4 hours ago

Businesswoman stabs salesgirl to death

A businesswoman has been arrested after she allegedly stabbed her salesgirl to death.  30-year-old Ibekwe…

5 hours ago

PDP war: Makinde, Wike clash

IBADAN— IN a veiled response to the tirade of Mr Nyesom Wike, Minister of the Federal…

6 hours ago