According Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), it's Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%.
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...
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...
