Tag: Interest rate
CBN raises interest rate to 27.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points...
Stock market investors lose N47bn after CBN’s interest rate hike
The performance index of the stock market closed 0.08 per cent weaker on Tuesday, July 23, 2024, as investors reacted negatively to the Central...
CBN raises interest rate to 26.75%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), which benchmarks interest rates, to 26.75 per cent.
The interest rate was...
NACCIMA lists effects of interest rate hike on businesses
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has enumerated the potential consequences of a hike in the benchmark interest...
CBN raises interest rate to 26.25%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 24.75 per cent to 26.25 per cent.
CBN Governor Olayemi Cardoso...
Tinubu approves single-digit interest rate for media organisations
President Bola Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest...
CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 per cent.
The MPR was raised...
Egypt raises interest rate by 600 bps as currency falls
The Central Bank of Egypt has increased the interest rate by 600 basis points to allow the exchange rate to be set by market...
Obaseki: Interest rate increase won’t support economic growth
Edo State Governor, Godwin Obaseki, has condemned the decision of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR), also...
Obi: Interest rate increase’ll worsen economic hardship, job losses
The former governor of Anambra State, Peter Obi, says the increase of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN)...
