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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 raises key interest rate to historical high
Nigeria’s central bank raised its key interest rate by 50 basis points today (September 25). Following the increase – the fifth this year – the policy rate stands at 27.25%, a new historical high.
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.
11h
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 ...
1d
on MSN
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 ...
Nairametrics
2h
Airtel Nigeria moves to cut monthly spending on diesel with solar energy
Telecommunications operator, Airtel Nigeria, said it is now deploying alternative solutions to power its base stations across ...
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 ...
LEADERSHIP Newspaper
3h
Nigeria To UN: Palestinian People Deserve Independence
Nigeria has reaffirmed its commitment to supporting the Palestinian people's quest for independence, calling it a fundamental ...
PM NEWS Nigeria
1h
Senate clears Kekere-Ekun as Nigeria's first female CJN
Justice Kudirat Kekere-Ekun has been confirmed as the Chief Justice of Nigeria (CJN) following her screening by the Senate on ...
Nigerian Tribune
3h
Oyo no longer among dirtiest state in Nigeria — Environment Commissioner
The Oyo State Commissioner for Environment and Natural Resources, architect Abdulmojeed Mogbonjubola, has noted that Oyo ...
Nairametrics
1h
British council internship program opens for applications in Nigeria
The British Council in Nigeria has launched its 2024 Internship Program, providing students and recent graduates with the ...
1d
Dangote Says Time for Nigeria to End Fuel Subsidy, Boost Naira
Nigerian billionaire Aliko Dangote said the “time is right” for the West African nation to end a decades-long subsidy on fuel ...
Vanguard
3h
Why every landowner in Nigeria needs a survey plan
By Amara Aniche Introduction When it comes to land ownership in Nigeria, having the right documents is crucial. One of the ...
The Africa Report
5h
Nigeria: Why is the voter apathy problem difficult to solve?
Nigeria’s voter turnout has been on a steady decline over the last two decades and the just concluded Edo State election ...
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