CBN increases interest rate to 15.5%, gives reasons
To combat the growing inflation rate, the Monetary Policy Committee of the Central Bank of Nigeria increased the benchmark…
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Interest Rate
CBN ends COVID-19 slash, reverts to 9 percent interest rate on all its…
The Central Bank of Nigeria (CBN) has reverted to 9 percent interest rate on its facilities, ending its Covid-19 period reduction…
BREAKING: CBN raises interest rate to 14%
On Tuesday, the Central Bank of Nigeria increased the interest rate to 14%.
CBN retains benchmark interest rate at 11.5%
The Central Bank of Nigeria’s Monetary Policy Committee
CBN retains benchmark interest rate at 11.5 per cent
The Central Bank of Nigeria’s Monetary Policy Committee on Tuesday retained the Monetary Policy Rate (MPR) at 11.5% and kept all…
CBN slashes Interest Rate on Savings Deposit to 1.25%
The minimum interest rate to be paid by deposit money banks (DMBs) in Nigeria to their customers for deposits has been reviewed…
MPC reduces interest rate to 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.
The…
Tinubu to Buhari, CBN: Time to reduce Nigeria’s interest rate is now
The All Progressive Congress (APC) National Leader, Chief Bola Tinubu, on Sunday urged the Central Bank of Nigeria to reduce…
CBN retains interest rate at 13.5 per cent
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Friday announced the retention of its Monetary Policy…
CBN explains why banks can’t lend at single digit interest rate
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr Joseph Nnanna, on Thursday blamed the inability of Deposit…