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

Support VOICE AIR MEDIA Online Newspaper’ Journalism

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility…

58 minutes ago

Tinubu Announces 21 New Appointments

News Update President Bola Tinubu has approved twenty-one fresh appointments across the National Agricultural Development…

14 hours ago

APC Disqualifies 2 Former Deputy Governors, 5 Others From Osun Guber Race

News Update THE All Progressives Congress (APC) has disqualified the former deputy governor and one…

16 hours ago

Osun LG funds: S’Court delivers judgment

News Update THE Supreme Court on Friday struck out a suit filed by the Osun…

20 hours ago

NHS urged to drop case against nurse over calling transgender Paedophile ‘Mr’ remark

The UK  Conservative Party has urged the NHS to drop its disciplinary action against an NHS nurse who…

20 hours ago

House Of Assembly Speaker, 15 Lawmakers Resign From PDP

News Update Sixteen members of the Rivers state house of assembly have announced their defection…

21 hours ago