Tag: Interest Rate
Breaking, Business, Top Stories
CBN cuts Interest Rate again to 26.5%
Other key parameters were left unchanged, with the Cash Reserve Ratio retained at 45 per cent for commercial banks and…
Wale Edun: Lower interest rates ahead, relief for Nigerians
Wale Edun said lower interest rates would reduce borrowing costs for businesses and households, while also easing the government’s debt…
How nine Nigerian banks earned N14.7 trillion in just nine months
Overall, the first three quarters of 2025 show that Nigerian banks continue to benefit from high-yield lending and investments, but…
CBN survey shows Nigerians still expect prices to rise despite slight economic optimism
Businesses and households in Nigeria have listed high interest rates, multiple taxes, and poor infrastructure as the biggest challenges they…
CBN slashes Interest Rate to 27% in bold move to stimulate Economy
The current adjustment reflects the CBN's cautious approach to balancing inflation control with economic growth stimulation.
CBN retains tight policy, keeps interest rate at 27.50%
In addition to retaining the MPR, the MPC voted to keep the Cash Reserve Ratio (CRR) unchanged at 50% for…
CBN keeps Interest Rate unchanged at 27.50%
The Liquidity Ratio (LR) remains unchanged at 30%, while the asymmetric corridor is maintained at +500/-100 basis points around the…
CBN continues monetary policy tightening, raises interest rate by 25 basis points
The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday in Abuja, while…
“Don’t do it” – Expert cautions CBN against further hike in interest rate
According to him, for the first time in many months, both core and food inflation went up last month.
Breaking: CBN jacks up interest rate to 27.25%, as CRR for deposit banks hits 50%
In addition to the MPR hike, the MPC also voted to raise the Cash Reserve Ratio (CRR) for Deposit Money…
CBN jacks up interest rate again amidst rising inflation
The CBN had in May 2024 raised the interest rate to 26.25 percent and has now moved it to 26.75…
Cardoso: CBN’s measures to tackle inflation yielding result
Looking forward, Cardoso expressed optimism that continued adherence to effective policies would lead to further stabilisation and eventual reduction in…
JUST IN: CBN jacks up interest rate to 24.75%
The apex bank hikes the rate from 22.75 percent to 24.75 per cent. The bank had earlier in February raised…
Nigeria Interest Rate Hits 17.50% – How Will Things Improve?
Only time will tell if these interest rate hikes will positively impact the Nigerian economy.
Inflation: Bank of England jacks up interest rate to 3%, biggest hike in 33 years
The last time rates increased by more than 0.5% was in 1989. John Major’s government was forced into a 2%…
JUST IN: CBN jacks up interest rate again to 14 percent
This is the second time the apex bank is hiking the interest rate in two months. In May the CBN…
Business, Headlines, Top Stories
CBN jacks up interest rate to 13 percent
The interest rate had been at 11.5 percent initially before the hike by the apex bank on Tuesday.
Donald Duke to FG: Compel banks to reduce interest rates
A former governor of Cross River, Mr Donald Duke, has called on Federal Government to compel banks to reduce interest…
Manufacturers urge CBN to reduce interest rate
The Manufacturers Association of Nigeria (MAN), has urged the Central Bank of Nigeria (CBN) to reduce its Monetary Policy Rate…
Ghana Central Bank cuts interest rate to 17 %
Ghana’s Central Bank has cut its benchmark interest rate by 100 basis points to 17 percent.
Ghana central bank cuts interest rate to 18%
Ghana’s central bank says it has cut its benchmark interest rate by 200 basis points to 18 per cent from…
Senate To Meet With CBN Over Interest Rate
Senate President Bukola Saraki has promised that the Senate will look into the high interest rate charged by banks in…
Manufacturers condemn harsh interest rate of 14%
The Manufacturers Association of Nigeria (MAN) Ogun Chapter, has condemned the retention of interest rate by the Monetary Policy Committee…
Ambode Calls For Harmonisation Of Forex, Interest Rates To Stabilize Economy
Lagos State Governor, Mr. Akinwunmi Ambode on Thursday called for a convergence in the foreign exchange rates as well as…
CBN keeps lid on interest, naira rates
Nigeria’s central bank kept its policy rate at 13 percent on Tuesday, offering no new measures to deal with a…
FG urged to reduce interest rate on loans from MSME fund
Mr Muktar Alkali, the Provost of Mohamet Lawan College of Agriculture, Maiduguri, has urged the Federal Government to reduce the…