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Nigeria, central bank
Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeria’s central bank raises interest rate to 27.25% amid inflation concerns
Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%. This is the fifth rate hike of the year and reflects the bank’s ongoing battle against inflationary pressures,
BREAKING: In fifth consecutive hike, CBN raises Nigeria’s interest rate to 27.25%
The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, has raised the interest rate by 50 basis points to 27.25 percent, the fifth hike since February 2024. CBN Governor Olayemi Cardoso disclosed this during a press briefing at the end of 297th MPC in Abuja on Tuesday.
Nigeria's central bank surprises with a rate hike to 27.25%
Nigeria's central bank surprised the market by raising its benchmark lending rate to 27.25% from 26.75% on Tuesday, with governor Olayemi Cardoso adding that the decision of the monetary policy committee (MPC) was unanimous.
7h
As Global Temperatures Rise, Nigeria Faces a Cooling Crisis
With electricity scarce, Africa’s most populated country struggles to provide lifesaving cooling without worsening the very ...
Arise
1h
Nigeria’s Election Problems Not Systemic, But Attitudinal, Says Former INEC Official
The problem is not about the body, it is about the attitude of Nigerians to everything that we do,” Mr Nduh said.
Nairametrics
4h
Nigeria records 1.2 million international visitors, 20% rise in domestic trips in 2023
Nigeria’s Minister of Tourism, Mrs. Lola Ade-John, announced that the country welcomed over 1.2 million international ...
Daily Post Nigeria
1h
Oyedepo urges FG to develop education modules to address challenges in Nigeria
The Chancellor, Covenant University, Ota, Ogun, David Oyedepo, has advised the Federal Government to make concerted efforts ...
Zawya
2h
Nigeria: Dangote refinery selling directly to us will crash petrol prices — IPMAN
Allowing marketers to lift products directly from the refinery will eliminate unnecessary layers of distribution that ...
Nairametrics
44m
CBN says new IMTO licences push Nigeria’s remittance inflows to $585 million in August 2024
The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International Money Transfer Operators ...
1d
Nigeria Set to Pause Two-Year Tightening Cycle as Inflation Cools
Nigeria’s monetary policymakers are expected to cautiously loosen their grip on a more than two-year tightening cycle on ...
Nigerian Tribune
3h
Why innovative urban planning is important for sustainable development in Nigeria — Developer
A developer, Wisdom Kwati, the CEO of Wisdom Kwati Smart City, has emphasised the importance of embracing innovative urban ...
The Africa Report
1d
Nigeria: Defence minister under fire for alleged sponsoring of bandits in Zamfara
Governor Dauda Lawal says his predecessor and current defence minister is a bandits’ sponsor and is undermining efforts to ...
Nigerian Bulletin
22m
Nigeria Journalist Fisayo Soyombo Questions Nigerians' Naivety Following Bobrisky EFCC Allegations
Investigative journalist Fisayo Soyombo reacts to allegations against Bobrisky, questioning public awareness of corruption in ...
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