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Interest rate

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), the benchmark for interest rate, at N27 percent. Key Decisions: At the end of the 303rd MPC meeting held on November 24th &

November 25, 2025

Breaking: CBN Raises Interest Rate To 18.75%

Business

Updated: CBN Raises Interest Rate To 18.75%, To Affect Prices Of Goods

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR), the benchmark interest rate, to 18.75 per cent on Tuesday. After the committee’s meeting on Tuesday, which is the first without Godwin Emefiele in

July 25, 2023

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business·Insights

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

The decision of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR), which serves as a benchmark for commercial banks’ loan interest rates, has come under scrutiny. On Tuesday, 21 March 2023, Prime Business Africa reported that the

March 22, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

Updated: Emefiele Reveals Reasons CBN Increased MPR/Interest Rate To 18%

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate to 18 per cent from 17.5 per cent on Tuesday, 21 March 2023, to halt inflation. Governor of the CBN, Godwin Emefiele made this known after the meeting of the Monetary

March 21, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

Following the increase in Nigeria’s interest rate by the Central Bank of Nigeria (CBN), the exchange rate between the naira and dollar depreciated on Wednesday, 26 January 2023. According to the data from the FMDQ Exchange, the naira appreciated against the United

January 26, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·News

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

The cost of borrowing has been increased by the Central Bank of Nigeria (CBN) after the financial regulator announced 16.5 per cent as the new interest rate in the country. Interest rate shows the cost of loan repayment, and the previous rate

November 22, 2022

20 Topline African Countries With The Highest Benchmark Lending Rates

Business·Finance & Economy·News

20 Topline African Countries With Highest Benchmark Lending Rates

If you’ve been keeping abreast with latest lending rates around the African continent, then you are probably aware that the Central Bank of Nigeria (CBN) has just raised the Monetary Policy Rate (MPR) from 14% to 15.5% on Tuesday, September 27, 2022.

July 19, 2022

Business

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) following a hike in inflation rate in June. The central bank made the decision after Tuesday’s Monetary Policy Committee (MPC) meeting. Godwin Emefiele, the central bank governor raised the

July 19, 2022

Business·Insights

How US Soaring Inflation, Interest Rate Negatively Impact Nigerians

On Wednesday, the United States announced a 41-year inflation high of 9.1% for the period of June, rising by 5.81% month-on-month, and this will trigger debt headache for Nigerian government. In May, the US had reported that the inflation rate stood at

July 14, 2022

Business·Insights·Real Estate

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from 11.5%, to tame inflation. The raise is expected to make

June 9, 2022

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Interest rate

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Updated: CBN Raises Interest Rate To 18.75%, To Affect Prices Of Goods

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

Updated: Emefiele Reveals Reasons CBN Increased MPR/Interest Rate To 18%

Naira Gains Against Dollar On Back Of Increased Interest Rate

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

20 Topline African Countries With Highest Benchmark Lending Rates

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

How US Soaring Inflation, Interest Rate Negatively Impact Nigerians

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

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