CBN, benchmark rate

CBN retains interest rate at 27.5% — first hold in almost three years
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which benchmarks interest rates in the country, at 27.50 percent.
See more as CBN retains interest rates at 27.5%, 26 banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
CBN retains interest rate at 27.5%
CBN had been persistent in raising the lending rates since March 2022 when the rate stood at 11.5 per cent. The Monetary Policy Committee (MPC) of the bank stated on Thursday that its unanimous decision was influenced by recent macroeconomic developments, which it noted with satisfaction.
CBN retains interest rates at 27.5% amid rebased inflation
The Central Bank of Nigeria (CBN) on Thursday retained its benchmark interest rate known as the Policy Rate (MPR) at 27.5
Nigeria's central bank keeps main interest rate unchanged
Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision follows six rate hikes last year totalling 875 basis points to try to get inflation under control.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November last year amid inflation drops. It also retained the Cash Reserve Ratio,
JUST IN: CBN retains interest rate at 27.50%, maintains other parameters
Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters.This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja.In this regard,
Nigeria holds interest rate steady following inflation adjustments
Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. ・Nigeria's central bank maintains benchmark interest rate at 27.50%. ・Inflation rate reported at 24.
Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja.
Daily Post Nigeria on MSN9h
Ex-CBN Gov, Emefiele distances self from ownership of purported forfeited properties
The immediate past Governor of the Central Bank of Nigeria, CBN, Mr Godwin Ifeanyi Emefiele, has again distanced himself and ...
IU Professor Joshua Brown focus of CBN documentary, claims brain tumor healed through prayer
After witnessing the 'miraculous' healing of his own brain tumor, IU professor Joshua Brown began investigating other miracle ...
Legit on MSN1d
CBN Releases Latest Naira to Dollar Exchange Rates As Official, Black Markets Converge
The Central Bank of Nigeria has provided an update on the naira exchange rate against the US dollar in the official and ...
The Punch Newspapers1d
CBN’s rate pause welcomed, but more action needed- CPPE
The Centre for the Promotion of Private Enterprise has commended the Monetary Policy Committee of the Central Bank of Nigeria ...
Nairametrics1d
CPPE commends CBN’s decision to pause rate hikes, calls for future reductions
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Monetary Policy Committee (MPC) of the Central ...
Legit on MSN1d
CBN Governor Gives Reasons for Increasing ATM Transaction Charges
The CBN governor has defended the recent hike in ATM transaction fees, explaining that it is in the interest of the customers ...
The Punch Newspapers on MSN2d
CBN probes 19.7 million dormant bank accounts
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System.
Vanguard1d
CBN defends hike in ATM withdrawal charges
The Central Bank of Nigeria, CBN, has said that its decision to increase charges on cash withdrawals from ATMs of other banks was needed to incentivise banks to ensure improved access to cash at the ...
Legit on MSN1d
CBN governor reveals how he will bring inflation rate down to single digit
The Central Bank of Nigeria has spoken on the strategies it will use to bring the inflation rate down from the 24.48% ...