Tag: Interest Rate
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…
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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…