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CBN interest rate

‘CBN’s Interest Rate Remains High, Choking Businesses’

The Central Bank of Nigeria’s (CBN) decision to retain the current monetary policy parameters has continued to generate reactions from interest groups and economic analysts. Prime Business Africa had reported that during the 300th Monetary Policy Committee (MPC) meeting earlier this week,
May 24, 2025
Experts Fault CBN’s Interest Rate Hike

Experts Fault CBN’s Interest Rate Hike

Economic experts have faulted the continuous increase of the Monetary Policy rate (MPR) also known as benchmark interest rate, by the Central Bank of Nigeria (CBN), saying it won’t solve the problem of inflation in the country. According to them, inflation is
September 25, 2024
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