…Says inflation, FX pressures to abate early 2025 By Seun Ibiyemi The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from 27.25 percent to 27.50 percent, in a bid to…
The Central Bank of Nigeria has raised its Monetary Policy Rate by 25 basis points, bringing it to 27.50% from 27.25%. This decision was disclosed by CBN Governor, Yemi Cardoso after the Monetary Policy Committee meeting in Abuja on Tuesday.…
…Decision to further tighten interest rate unanimous — Cardoso …MPR hike will slow down investments, economic growth — Experts By Seun Ibiyemi The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points on Tuesday,…
…As OPS warns of worsening crisis By Esther Agbo Following the hike in CBN interest rate, the Manufacturers Association of Nigeria (MAN) has warned that the new rate would further constrain the growth of the manufacturing sector, affecting consumer purchasing…
Nigeria’s equities market on Tuesday failed to sustain its positive start to this week as stock investors continued to price in the outcome of the Monetary Policy Committee (MPC) meeting where the Central Bank of Nigeria (CBN) further ramped up…
…External reserves hit 17-month high of $37bn, to boost investor confidence …Nigeria’s capital importation hits $5.92 billion …Implement fiscal policy measures to tackle inflation — CPPE to FG …Pressure on Naira represents a clear risk to Nigeria’s policy rate —…
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end…
By Seun Ibiyemi The Central Bank of Nigeria has announced that the increase of interest rates in advanced economies will not affect the Nigerian economy as the funds released in these economies through stimuluses did not flow into Nigeria. This…
