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CBN Raises Benchmark Lending Rate To 26.25% As Inflation Defies Cardoso’s Policies

The Central Bank of Nigeria (CBN) has again hiked the Monetary Policy Rate to 26.25 per cent after inflation and naira woes defied the...
Business

Higher Interest Rate Looms As CBN Raises MPR Further To 24.75%

The Central Bank of Nigeria has further raised the Monetary Policy Rate to 24.75 per cent, a decision influenced by the rising inflation in...
Business

BREAKING: Higher Interest Rate Looms As CBN Raises MPR Further To 24.75%

The Central Bank of Nigeria has further raised the Monetary Policy Rate to 24.75 per cent, a decision influenced by the rising inflation in...
Business

CBN Gradually Withdraws Old Notes To Curb Inflation As Currency In Circulation Falls To N2.5trn

The Central Bank of Nigeria may have commenced the gradual withdrawal of old notes in a bid to curb the rise of inflation in...
Business

Look beyond rates hike to control inflation, ICSAN tells CBN, govt

The Federal Government and the Central Bank of Nigeria (CBN) have been counseled to find other means of controlling inflation in the country other...
Business

Subsidy Removal: Nigeria’s Inflation Rate To Hit 25%, Says World Bank

Following the removal of fuel subsidy in Nigeria, the World Bank has projected that inflation may hit 25 per cent in 2023 against the...
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...
Business

CBN increases Monetary Policy Rate to 18%

Abuja, March 21, 2023 (NAN) The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has increased the Monetary Policy Rate (MPR)...

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