CBN Raises Interest Rate to 22.75% as External Reserves Rise to $34bn The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the country's interest rate to 22.75 percent as part of measures to curb rising inflation. Economic Confidential recalls that the...

Again, CBN Increases Interest Rate to 18.5% The Central Bank of Nigeria(CBN) has raised its benchmark lending rate to 18.5 per cent, from 18 per cent, in a robust push to contain the nation’s inflationary trend. The CBN governor, Godwin Emefiele, announced this on Wednesday after...

18% Rate: Economists Fault MPC Over Increase   Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria over its decision to increase the benchmark interest rate by 50 basis points to 18 per cent from 17.5 per cent. The experts spoke in reaction...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigerian Banks Healthy    The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January. This...

Hike In Interest Rate Likely As MPC Meets Today   Ahead of the two-day Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) commencing on Monday (today), financial experts have expressed diverse views on possible outcomes of the rates. The CBN disclosed it would...

CBN Raises Interest Rate To 16.5%   The Monetary Policy Committee of the Central Bank of Nigeria voted Tuesday to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001. The CBN Governor, Godwin Emefiele, disclosed this while reading the...