Tag: Interest Rate

Governor Olayemi Cardoso made the announcement on Tuesday, confirming that the decision was unanimous among committee members

…could impact borrowers, leading to an uptick in loan defaults and non-performing loans for banks

The Monetary Policy Rate (MPR) was increased by 50 basis points

Segun Aremu, a financial expert has said the new interest rate set by the Central Bank of Nigeria can discourage the growth ...

I do not understand the rationale behind raising the benchmark interest by 400bp by Nigeria’s Central Bank. The price of ...

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 Financnail System The International Monetary Fund (IMF) warns that increased inflation and interest rates ...

The Central Bank of Nigeria (CBN) continued to increase the Monetary Policy Rate (MPR), otherwise known as the interest rate, ...

Central Bank of Nigeria (CBN) raised the Monetary Policy Rate from 17.5 percent to 18 percent to curb inflation. After ...

To "aggressively" control inflation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which measures interest rates, ...

To combat growing inflation, the Central Bank of Nigeria's (CBN) policy-setting council increased the Monetary Policy Rate (MPR), which measures ...

Article By STEVEN BARKER, Head Personal Lending, Standard Bank South Africa

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.

The CBN's Monetary Policy Committee had previously in May increased the interest rate to 13 percent from 11.5 percent. It was the ...

Fiscal deficit is a condition when the expenditure of the government exceeds its revenue in a year.