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BREAKING: In fifth consecutive hike, CBN raises Nigeria’s interest rate to 27.25%
The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, has raised the interest rate by 50 basis points to 27.25 percent, the fifth hike since February 2024. CBN Governor Olayemi Cardoso disclosed this during a press briefing at the end of 297th MPC in Abuja on Tuesday.
Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Discover the economic implications of Nigeria’s interest rate hike to 27.25%, including inflation control, naira stability, and challenges for businesses. Understand how this monetary policy impacts borrowing costs,
CBN raises interest rate to 27.25 per cent
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 per cent.
CBN increases interest rate to 27.25%
The monetary policy committee of the CBN has raised the MPR, which benchmarks interest rates, from 26.75 percent to 27.25 percent.
Interest rate hike: CBN suffocating investors, businesses in Nigeria – CPPE
The Centre for the Promotion of Private Enterprise, CPPE, has tackled the Central Bank of Nigeria's fifth interest rate hike amid economic hardship. The
CBN Further Tightens Monetary Policy, Raises Interest Rate By 50bps To 27.25%
The Central Bank of Nigeria has raised interest rates by 50bps from 26.75% to 27.25%.
Unemployment rises to 5.3% as CBN hikes interest rate to 27.25%
The Nigerian Bureau of Statistics, NBS, yesterday, announced that Nigeria’s unemployment rate grew by 1.2 percentage points to 5.3 per cent year-on-year, YoY.
Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeria’s central bank raises interest rate to 27.25% amid inflation concerns
Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%. This is the fifth rate hike of the year and reflects the bank’s ongoing battle against inflationary pressures,
Daily Post Nigeria on MSN
5h
CBN interest rate hike will kill investments – NACCIMA, business owners
Key players in the Nigerian business and economic sector have kicked against the recent interest rate hike by the Central ...
legit
2h
Group React as CBN Adjust Changes to Interest Rates for Customers of Access, UBA, GTB, Others
This occurred after the CBN recently increased the monetary policy rate to 27.25% for the sixth time this year Business ...
Vanguard
8h
New CBN interest rate’ll increase unemployment – Small business owners
Small business owners have described the new CBN Monetary Policy Rate, MPR, as unfortunate, and capable of further ...
PM NEWS Nigeria
1d
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 Banks (DMBs) from 45% ...
TheCable
21h
CPPE to CBN: Hike in interest rate detrimental to investments, economic growth
CPPE says the latest hike in interest rate by the Central Bank of Nigeria (CBN) is detrimental to investment and economic ...
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