The Monetary Policy Committee, MPC, of the CBN increased Monetary Policy Rate, MPR, from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had increased the MPR by a...
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Central Bank of Nigeria Raises Interest Rate To 14%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent. CBN Governor Godwin Emefiele announced this on Tuesday during the 286th meeting of the Monetary...
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2 Minutes
CBN Retains Monetary Policy, See New Interest Rate
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) led by Godwin Emefiele, has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. This online...
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2 Minutes
2022: CBN may increase interest rate – Report
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign...
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