The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed the reasons behind the bank's decision to further tighten monetary policy, including raising the interest rate to 27.25%. 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again increased the benchmark interest rate by 50 basis points from 26.25 per cent to 26.75 per cent. 

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%. 

New Currency: Emefiele Defies NASS, Says no Shift in January 31 Deadline The Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has said there will be no shift in the January 31 2023 deadline for the expiration of old N200, N500 and N1000 notes. Emefiele...

JUST IN: Buhari to Unveil New Naira Notes Wednesday President Muhammadu Buhari will on Wednesday showcase the newly redesigned N1,000, N500 and N200 notes to the world. The new naira note policy has been generating controversy since it's announcement by the Central Bank of Nigeria (CBN)...

Buhari Wants Senate to Confirm Nominees for MPC Membership President Muhammadu Buhari has requested the Senate confirm the appointment of two new members to the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) and reconfirm five others. The duo of Mohammed Salisu and...