CBN Retains Key Interest Rate at 27.5% as Inflation Eases to 23.7%
Governor Olayemi Cardoso made the announcement on Tuesday, confirming that the decision was unanimous among committee members
Tag: Interest Rate
CBN Raises Interest Rate to 27.5% to Tackle Inflation, Stabilise Economy
…could impact borrowers, leading to an uptick in loan defaults and non-performing loans for banks
CBN Increases Interest Rate to 27.25% in Continued Battle Against Inflation
The Monetary Policy Rate (MPR) was increased by 50 basis points
CBN’s New Interest Rate Will Discourage Real Sector Growth – Aremu
Segun Aremu, a financial expert has said the new interest rate set by the Central Bank of Nigeria can discourage the growth ...
Raising Interest Rates in the Face of Cost-Push Inflation
I do not understand the rationale behind raising the benchmark interest by 400bp by Nigeria’s Central Bank. The price of ...
Frustration Mounts as Interest Rates Skyrocket for Nigerian Manufacturers
The Central Bank of Nigeria (CBN) is already facing a backlash from the Manufacturers Association of Nigeria (MAN) after the ...
High Inflation, Interest Rates Pressure Global Financial System
High Inflation, Interest Rates Pressure Global Financnail System The International Monetary Fund (IMF) warns that increased inflation and interest rates ...
Analysts Warn CBN of Continued Increase on Interest Rate to Combat Inflation
The Central Bank of Nigeria (CBN) continued to increase the Monetary Policy Rate (MPR), otherwise known as the interest rate, ...
CBN Raises Interest Rate from 17.5% to 18%
Central Bank of Nigeria (CBN) raised the Monetary Policy Rate from 17.5 percent to 18 percent to curb inflation. After ...
[BREAKING] CBN Raises Interest Rate from 16.5 to 17.5%
To "aggressively" control inflation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which measures interest rates, ...
BREAKING: CBN Increases Interest Rate from 14% to 15.5%
To combat growing inflation, the Central Bank of Nigeria's (CBN) policy-setting council increased the Monetary Policy Rate (MPR), which measures ...
Managing Financial Obligations and Goals Amid Rising Inflation, Interest Rates
Article By STEVEN BARKER, Head Personal Lending, Standard Bank South Africa
CBN Raises Interest Rate on Savings Deposits from 1.4% to 4.2%.
The increase in savings interest rates, which will become effective on August 1, according to the apex bank, was taken in light of the complete return to normalcy after taking into account the current macroeconomic conditions.
CBN Raises Interest Rate from 13% to 14%
The CBN's Monetary Policy Committee had previously in May increased the interest rate to 13 percent from 11.5 percent. It was the ...
IMF Raises Food Security Concerns, says Fiscal Deficit will Hit 6.1% of Nigeria’s GDP
Fiscal deficit is a condition when the expenditure of the government exceeds its revenue in a year.
