Business

CBN cuts interest rate — lowest since May 2024

THE monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate (MPR) from 27 percent to 26.5 percent.

Olayemi Cardoso, CBN’s governor, announced the rate adjustment at a news conference on Tuesday during the committee’s 304th meeting in Abuja.

The rate cut is the lowest since May 2024, when the interest rate stood at 26.25 percent.

VAM News

Recent Posts

Nigeria deports controversial US missionary Alex Barber

The Federal Government has expelled American missionary, Alex Barber, citing concerns over statements it says…

25 minutes ago

Determined to Right 2023 Wrongs, Idanre Farmers Commit to Buying Adefisoye’s Nomination Form

Farmers in Idanre Local Government have thrown their weight behind Hon. Tajudeen Adefisoye, popularly known…

52 minutes ago

Trump lashes out at S’Court judges over birthright citizenship matters

US President Donald Trump has criticised the Supreme Court of the United States as it…

2 hours ago

Russia-Ukraine overnight strikes kill two children

Two boys were killed in Russia and Ukraine overnight, officials said Tuesday, as the two…

4 hours ago

House of Assembly Speaker dead

News Update THE Speaker of the Kebbi State House of Assembly, Hon. Muhammad Usman Ankwai,…

4 hours ago

“Go to the Field” — Ekiti APC Declares No Endorsement for National Assembly Aspirants

News Update THE All Progressives Congress (APC) in Ekiti State has reaffirmed its commitment to…

15 hours ago