Inflation: Analysts Fear Another Rise in Interest Rate as MPC Meets Today
As the Monetary Policy Committee of the Central Bank of Nigeria starts its two-day meeting on Tuesday (today), analysts have indicated that the committee may raise the Monetary Policy Rate again to tackle...
UPDATE: Why we Increased Interest Rate to 18 Percent - CBN
The Central Bank of Nigeria (CBN) on Tuesday increased Monetary Policy Rate (MPR) which measures interest rate by 50 basis points to 18 percent to rein in inflationary pressure.
This is one of the decisions...
BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria 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...
Banks’ Assets Rise by 22% to N65tn in One Year - FSSD
The Deputy Governor, Financial Systems Stability Directorate, Aishah Ahmad, has disclosed that total assets in the Nigerian banking sector rose by N11.8bn in one year to N65.48tn as of the end of June...
$10bn Spent Annually On Education, Medical Tourism - Emefiele
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism.
Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he said education and health sectors...
'Interest Rate May Rise Above 30%'
Average interest rates to end-users may rise above 30 per cent in future as banks begin to adjust lending rates to the new Monetary Policy Rate (MPR).
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) last week increased...
