Emefiele Rules Out Interest Rate Cut This Year Over Inflation   With three more months to wrap up the year, leaving one more rate meetings and inflation rate at 11.02 per cent, there appears a near impossibility for the nation’s rate-setters to slash the current Monetary...

DMO Offers August FGN Bonds At 10% Interest Rate The Debt Management Office (DMO) is offering two and three years’ savings bonds for the month of August at 10.3% and 11.3% interest rates respectively to raise capital for the 2019 Budget. This was contained in a...

Interest Rate Slash Threatens Foreign Portfolio Investments, Analysts Say   Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market. The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday...

Interest Rate, Others Slowed Business In 2018 — CBN Business activities were slowed down by an insufficient power supply, high-interest rates and other challenges in 2018 financial period. This was disclosed in the ‘monthly business expectations survey report’ by the Central Bank of Nigeria’s Statistics Department...

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin Emefiele, has signalled the likelihood of the retention of the monetary policy rate (MPR), the benchmark interest rate. Emefiele, who gave...