MPC: Experts Fear Another Hike in Interest Rates With the hawkish stance taken by the majority of the Monetary Policy Committee members at the last meeting, expectations are high that another interest rate hike will be announced after the upcoming MPC meeting. Last month, the MPC...

Interest Rate Hike Will Contain Inflation, Pressure On Naira - IMF   The International Monetary Fund (IMF) says the decision by the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) to increase the interest rate will help contain pressure on the naira. According to...

UPDATE: Why we Jerked up Interest Rate - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has said that the hike in interest rates is a response to the current inflationary pressures and the need to stabilise the Naira. Mr Cardoso made the clarification...

UPDATE: Why we Jerked up Interest Rate - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has said that the hike in interest rates is a response to the current inflationary pressures and the need to stabilise the Naira. Mr Cardoso made the clarification...

Interest Rate Hike: Equities Market Losses N773bn The domestic equities market, yesterday, extended losses from the previous session by N773 billion, as investors reacted to the outcome of the Monetary Policy Committee (MPC) meeting. The Nigeria’s apex bank has increased the country’s nominal risk-free rate by...

Interest Rate Hike: Equities Market Losses N773bn The domestic equities market, yesterday, extended losses from the previous session by N773 billion, as investors reacted to the outcome of the Monetary Policy Committee (MPC) meeting. The Nigeria’s apex bank has increased the country’s nominal risk-free rate by...