Why we raised interest rate to 27.5% -CBN - Punch Newspapers
WEB1 day ago — Why we raised interest rate to 27.5% -CBN. 24th September 2024. Central Bank of Nigeria building. By Jide Ajia. The Central Bank of Nigeria has attributed the hike in Monetary Polcy Rate to ...
CBN increases interest rate to 27.25% on petrol price hikes
WEB1 day ago — September 24, 2024. The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points on Tuesday, bringing the benchmark interest rate to 27.25 percent. This marks the fifth consecutive rate hike this year. Following a two-day Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor Olayemi Cardoso announced the ...
CBN increases interest rate again, to address pressure on forex …
WEB12 hours ago — The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), which sets the benchmark for interest rates, from 26.75% to 27.25%. CBN Governor Olayemi Cardoso disclosed the 50 basis points hike during a press conference on Tuesday following the …
Nigeria’s Interest Rate Hike to 27.25%: Inflation Control, Naira ...
WEB6 hours ago — The naira fell by N95.83 to N1,658.48 against the dollar after the Central Bank of Nigeria's rate hike. Increased dollar supply saw market activity surge by 66%. ... The CBN raised interest rates ...
CBN raises interest rate by 50 basis points to 27.25%
WEB1 day ago — The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points to 27.25%. The Governor of the CBN who doubles as the Chairman of the MPC disclosed this at the end of the MPC meeting held in Abuja. The apex bank further increased the Cash Reserve Ratio (CRR) of commercial banks by 500 ...
In fifth consecutive hike, CBN raises Nigeria's interest rate to 27.25%
WEB1 day ago — DAILY POST recalls that since February 2024, CBN has raised interest the rate four times – from 22.75 percent to 26.75 percent. Before the appointment of Cardoso in September last year, the ...
JUST IN: CBN raises interest rate to 27.25 per cent - Punch …
WEB1 day ago — The new rate reflects an 8.5 per cent increase in interest rates under the current leadership, which took office a year ago. Related News Why we raised interest rate to 27.5% -CBN
CBN raises interest rate to 22.75% - Punch Newspapers
WEBFeb 27, 2024 — The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN Governor, Olayemi Cardoso, disclosed this...
CBN raises key rate by most on record to defend naira, tame …
WEBFeb 27, 2024 — The Central Bank of Nigeria (CBN) on Tuesday raised its benchmark interest rate, known as the Monetary Policy Rate (MPR) to 22.75 percent, for the first time in eight months. The CRR was increased to 45 percent.
Central Bank of Nigeria: Money and Credit Statistics
WEBMoney Market Indicators (In Percentage) Click the small arrows to move the data one or three months forwards or backwards within the year in display. Choose year to display.
- Some results have been removed
Skip to content