Current CBN Interest Rate

Experts have called on the Central Bank of Nigeria (CBN) to halt its consistent interest rate hikes, citing the adverse effects on small businesses and household finances. The call follows the apex bank’s decision to increase the Monetary…
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CBN Raises MPR by 50 Basis Points. Abuja, Nigeria – The Central Bank of Nigeria (CBN) has announced a 50 basis point increase in the Monetary Policy Rate (MPR), raising it from 26.25 percent to 26.75 percent. This decision was disclosed…
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CBN raises interest rate to 24.75% : What it means for Nigerians. The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has taken decisive action to address the persistent challenge of inflation by announcing a…
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The economy of Africa's largest country is facing a dilemma between maintaining low interest rates and increasing them to attract foreign investments necessary to support the naira. This decision could have a significant impact on the…
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What experts say about new CBN interest rate? Some financial professionals are concerned that the new CBN interest rate will worsen inflation. On Wednesday, economic experts expressed their concerns in light of the…
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