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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.
9h
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 ...
LEADERSHIP Newspaper
1h
UN Experts Lament ‘Widespread Torture’, Ill-treatment Of Detainees In Nigeria
The United Nations Subcommittee on Prevention of Torture (SPT) has lamented what it called 'widespread torture' and ...
Arise
2h
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.
The Africa Report
3h
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 ...
Nairametrics
2h
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 ...
Arise
2h
Flour Mills Of Nigeria Majority Investor Seeks To Buy Out Minority Shareholders For N105.2bn
Excelsior Shipping has received SEC approval to acquire FMN's minority shares, offering N70 per share to minority investors.
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 ...
Okay Nigeria
41m
Kudirat Kekere-Ekun Confirmed as Chief Justice of Nigeria
The most senior justice of the Supreme Court, Kudirat Kekere-Ekun, has been confirmed as the substantive Chief Justice of ...
Yahoo
1d
Nigeria's flood survivors say they're being told to go home
STORY: At a displacement camp in
Nigeria
's Maiduguri, flood survivors are being given bags of rice and cartons of pasta.
LEADERSHIP Newspaper
1h
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 ...
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