The Central Bank of Nigeria (CBN) on Monday admitted that the increase in the interest rate to 27.25% was “painful” for borrowers. The apex bank however...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has again raised the interest rate by 50 basis points to 27.25 percent. This is the...
The Central Bank of Nigeria (CBN), on Tuesday after the two-day Monetary Policy Committee (MPC) meeting, again, raised its benchmark interest rate again by 200 basis...
The governor of the Central Bank of Nigeria, Godwin Emefiele has said that the Monetary Policy Committee (MPC) of the bank will further raise the interest...
On Tuesday, the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate to 18 per cent, up from 17.5 per cent, a decision that surprised...
Naira on Tuesday fell marginally by 0.08 percent against the dollar at the official market, the same day that the Central Bank of Nigeria (CBN) raised...
The Central Bank of Nigeria (CNN) in a final bid to fight inflation rates for 2022 on Tuesday raised interest rates to 16.5%. This is as...
Residents and businesses in the United Kingdom have been told to brace for a rise in cost of living, as the Bank of England (BoE) expects...
It is a fact that all is not well with the Nigerian economy on many fronts. These range from weak revenue, pilling debts and poor performance...
The Central Bank of Nigeria (CBN) has resisted pressure to raise interest rates despite the fact that most of its peers in Africa have initiated moves...
The Central Bank of Nigeria (CBN) has been advised by the International Monetary Fund to allow Naira depreciate further. CBN in December 2021 devalued the Naira...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5 percent, the same...
The Central Bank of Nigeria (CBN) has directed deposit money banks to review the interest payable on savings deposits downward to a minimum of 10 per...
The economic fallout from the coronavirus may present the best, most pressing case for revising the CBN’s high interest rate policy. The undue rates penalise domestic...
The Central Bank of Nigeria (CBN) on Monday reduced the interest rates in all its intervention facilities from 9 percent to 5 percent per annum for...
The Central Bank of Nigeria (CBN) on Friday decided to retain the Monetary Policy at 13.5 per cent. The MPR is the rate at which the...
The Central Bank of Nigeria (CBN) on Tuesday announced that it has reduced the Monetary Policy Rate (MPR) from 14% to 13.50%. This was disclosed by...
In a bid to mitigate the effect of the tight monetary policy stance which has slowed down outflow of funds to the real sector of Nigeria’s...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
Again, expectations of experts that Nigeria’s benchmark interest rate would drastically come down has been dashed, as the CBN-led Monetary Policy Commiittee (MPC) rose from its...
A new twist has been added to the face-off between the CBN Governor, Godwin Emefiele and the Minister of Finance, Kemi Adeosun, on how interest rate...
The African Development Bank, AfDB, has faulted the Central Bank of Nigeria, CBN, saying its 14% interest is too high for an economy hoping to get...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which has just concluded its two-day meeting today, voted to retain the benchmark interest...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
The Governor of Kaduna State, Nasir el-Rufai, Wednesday, came hard on the decision of the Central Bank of Nigeria to increase its Monetary Policy Rate, MPR,...
In a bit to halt the spiralling inflation rate in the country and the continuous downward trend of the naira, the Central Bank of Nigeria (CBN),...
By Ali Smart The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 11 per cent during its...
For the first time in about six years, the Central Bank of Nigeria (CBN) in a surprising move on Tuesday cut benchmark interest rate to 11...
