CBN Retains Interest Rate At 12.5%     The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has held the Monetary Policy Rate (MPR) constant at 12.5%. This was disclosed by Governor, CBN, Godwin Emefiele while reading the communique at the end of the MPC meeting...

Tinubu To CBN: Cut Interest Rates To Boost Economy   The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has said the Central Bank of Nigeria should seize the opportunity of the coronavirus crisis to lower interest rates in a bid to boost the...

BoI Cuts Interest Rates By 2%     The Bank of Industry on Monday said it has reduced the interest rates on all its funded projects from 10 per cent to eight per cent per annum. The bank said the decision, which took effect from April 1, had...

CBN Considers Lower Rate As Trade, Economy Decline   The Central Bank of Nigeria (CBN) is considering interest rate cut to stimulate growth and protect the economy, its Governor, Godwin Emefiele, has said. Speaking at the Going for Growth Session held at the weekend in Abuja, the...

High Interest Rates Top Business Constraints - CBN   High interest rates, unfavourable economic climate and insufficient power supply have been identified as the major constraints to businesses in the country. The Statistics Department of the Central Bank of Nigeria said these in its ‘January 2020 business...

DMO Offers Multiple Bonds At 11% And 12% Interest Rates     As part of capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering two and three years savings bonds for the month of September at 11 percent and 12 percent interest rates...