Interest rate

Breaking: CBN Raises Interest Rate To 18.75%

Updated: CBN Raises Interest Rate To 18.75%, To Affect Prices Of Goods

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR), the benchmark interest rate, to 18.75 per cent on Tuesday. After the committee’s meeting

Fakoyejo Olalekan

1 year ago

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business·Insights

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

The decision of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR), which serves as a benchmark for commercial banks’ loan interest rates, has come under scrutiny. On

Fakoyejo Olalekan

2 years ago

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

Updated: Emefiele Reveals Reasons CBN Increased MPR/Interest Rate To 18%

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate to 18 per cent from 17.5 per cent on Tuesday, 21 March 2023, to halt inflation. Governor of the CBN, Godwin

Fakoyejo Olalekan

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

Following the increase in Nigeria’s interest rate by the Central Bank of Nigeria (CBN), the exchange rate between the naira and dollar depreciated on Wednesday, 26 January 2023. According to the data

Fakoyejo Olalekan

2 years ago

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Latest News

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

The cost of borrowing has been increased by the Central Bank of Nigeria (CBN) after the financial regulator announced 16.5 per cent as the new interest rate in the country. Interest rate

Fakoyejo Olalekan

2 years ago

20 Topline African Countries With The Highest Benchmark Lending Rates

Business·Finance & Economy·Latest News

20 Topline African Countries With Highest Benchmark Lending Rates

If you’ve been keeping abreast with latest lending rates around the African continent, then you are probably aware that the Central Bank of Nigeria (CBN) has just raised the Monetary Policy Rate

Queen Nwabueze

2 years ago

Business

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) following a hike in inflation rate in June. The central bank made the decision after Tuesday’s Monetary Policy Committee

Fakoyejo Olalekan

2 years ago

Business·Insights

How US Soaring Inflation, Interest Rate Negatively Impact Nigerians

On Wednesday, the United States announced a 41-year inflation high of 9.1% for the period of June, rising by 5.81% month-on-month, and this will trigger debt headache for Nigerian government. In May,

Fakoyejo Olalekan

2 years ago

Business·Insights·Real Estate

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from

Fakoyejo Olalekan

2 years ago

Finance & Economy·Latest News

Support Productive Sectors To Reduce Cost, LCCI Urges CBN

LCCI has urged CBN to extend its targeted intervention schemes to productive sectors in order to reduce cost of production in Nigeria.

Victor Ezeja

2 years ago

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Updated: CBN Raises Interest Rate To 18.75%, To Affect Prices Of Goods

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

Updated: Emefiele Reveals Reasons CBN Increased MPR/Interest Rate To 18%

Naira Gains Against Dollar On Back Of Increased Interest Rate

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

20 Topline African Countries With Highest Benchmark Lending Rates

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

How US Soaring Inflation, Interest Rate Negatively Impact Nigerians

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Support Productive Sectors To Reduce Cost, LCCI Urges CBN

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