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Interest Rate

Again, CBN jacks up interest rate amidst rising inflation

Biola Adebayo Jul 23, 2024

The Monetary Policy Committee (MPC) has announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent. The MPC also adjusted the Asymmetric Corridor to…
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CBN increases inter-bank interest rate by 200 basis points to 24.75%

Marvellous Gbadegesin Mar 26, 2024

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by 200 basis points, to 24.75 per cent from 22.75 per cent on Tuesday. MPR is a short-term,…
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JUST IN: CBN raises interest rate to 18%

Biola Adebayo Mar 21, 2023

The Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent. This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading the communiqué…
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