THE Central Bank of Nigeria, CBN, has cut its interest rate to 23 per cent from 26.5 per cent. The CBN Governor, Olayemi Cardoso, disclosed this during a briefing after the 307th…
Tag: interest rate
CBN retains interest rate at 26.5% amid rising inflation
News Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria on Wednesday retained all major monetary policy parameters at its 305th meeting, keeping the benchmark interest rate unchanged. According…
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…
CBN reduces interest rate for first time in 2025
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,…
CBN Gives Order On Interest Rate
News Update THE Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) unchanged at 27.5%. This announcement was made by the CBN Governor, Olayemi Cardoso, following the…
CBN Hikes Interest Rate, Cites Inflation
News Update THE Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combating surging inflation. This…
CBN tops up interest rate to 24.75%
VOICE AIR MEDIA, News Update The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75 per cent from…
CBN hikes interest rate to 18.75%
VAM News Update THE policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 18.5 percent to 18.75 percent. Last week,…
CBN jerks up key interest rate
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) policy-setting committee has raised the monetary policy rate (MPR), which measures interest rate, from 18 percent to 18.5 percent. Recall that…
CBN Hikes Interest Rate To 18%
VOICE AIR MEDIA News Update THE Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the benchmark interest rate by 50 basis points, bringing it to…