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Business

CBN admits increase in interest rate to 27.75% painful for borrowers

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...
Business

‘Nigeria’s Economy Facing Stagflation, Banks Under Pressure’- Uwaleke Faults MPR Hike

Nigeria’s first Professor of Capital Market Studies, Uche Uwaleke has warned the Central Bank of Nigeria to be careful with its hawkish monetary policy...
Business

Again, CBN hikes interest rate to 24.75%

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...
Business

High Interest Rate: MTN Resort To Commercial Paper, Raises N52.89bn

MTN Nigeria Communications Plc has successfully raised N52.8bn commercial paper after high interest rates pushed the telecom company to resort to the debt instrument.The...
Business

Interest rate function of CBN’s MPR – expert

A financial expert, Mr Okechukwu Unegbu, says interest rate on bank loans is a derivative of the Monetary Policy Rate (MPR) of the Central...
Business

JUST IN: Nigerians To Pay More Interest On Loan As CBN Raises Policy Rate To 18.5%

The Central Bank of Nigeria has surprisingly raised Nigeria’s benchmark interest rate to 18.5 per cent as inflation threatens the country’s economy. THEWHISTLER : Read...
Business

Emefiele says CBN’s MPC may further raise interest rate in coming months

The governor of the Central Bank of Nigeria, Godwin Emefiele has said that the Monetary Policy Committee (MPC) of the bank will further raise...
Business

REVIEW: Nigerians may lose jobs, revenue to CBN’s 18% MPR

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...
News

BREAKING: CBN MPC hikes interest rate to 17.5%

The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the first MPC meeting of the year on Tuesday.This was the fifth...

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