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.
...Salutes President's courageous leadership Pastor Adetayo Fabunmi, the director General of the CIPPG on behalf…
News Update MINISTER OF TRANSPORTATION RESIGNS TO PURSUE GUBERNATORIAL AMBITION The Minister of Transportation, Senator…
The Nigerian Senate has approved the request of President Bola Tinubu to go for external…
THE leadership of Ifedayo Local Government Area of Osun State on Tuesday commenced massive roads…
News Update Eight members of the House of Representatives from Kano State on Tuesday announced…
News Update President Bola Tinubu has requested the Senate’s approval to secure external loans totalling…