Tag: Interest Rate
BREAKING: CBN retains Interest Rate at 26.5% amid Inflation battle
The Central Bank of Nigeria, CBN, has retained the country’s benchmark interest rate at 26.5 per cent, as monetary authorities…
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.