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.
A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has…
Governor Ademola Adeleke has tasked Osun residents and indigenes to ignore rumours and scaremongering about…
A commercial motorcyclist in Ore, Odigbo Local Government Area of Ondo State, was brutally attacked…
Operatives of the Nigeria Police Force have rescued Mrs. Olaide Busayo Adegoke John-Paul and her…
THE Muslim community in Oyo State has rejected the Sharia-related demands allegedly issued by terrorists…
OSUN: The Obokun Local Government chapter of the All Progressives Congress (APC) has inaugurated no…