News Update
THE Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025.
The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing on Tuesday after the 302nd MPC meeting in Abuja.
“The Committee decided as follows: (1) reduce the monetary policy rate by 50 basis points to 27 per cent,” he said.
This 50 basis points reduction comes after three consecutive pauses in rates.
Cardoso noted that the reduction was due to consistent disinflation recorded in the country.
Report indicates that there were six consecutive hikes recorded in 2024.
...To Appoint 1,000 Aides News Update In the ongoing drive to enhance efficiency and deepen…
Minister of Foreign Affairs, Yusuf Maitama Tuggar, has resigned from President Bola Tinubu’s cabinet to…
Otuagasa Foundation calls out security agencies over Osun-Osogbo Sacred Grove THE Otuagasa Foundation has called…
The Spanish government and the Catholic Church signed an agreement Monday to compensate victims of…
Suspected bandits have attacked a wedding ceremony in Kahir village, Kagarko Local Government Area of…
The Lagos Waste Management Authority has conducted a health and safety training exercise for highway…