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Interest rate

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

November 25, 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

Breaking: CBN Raises Interest Rate To 18.75%

Business News

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

July 25, 2023

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

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

Business News·Insights

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

March 22, 2023

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

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business News

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

March 21, 2023

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

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

January 26, 2023

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

CBN Places Service Restriction On PoS Agents Across Nigeria

Business News·News

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

November 22, 2022

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

20 Topline African Countries With The Highest Benchmark Lending Rates

News·Business News·Finance & Economy

20 Topline African Countries With Highest Benchmark Lending Rates

July 19, 2022

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

Business News

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

July 19, 2022

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

Business News·Insights

How US Soaring Inflation, Interest Rate Negatively Impact Nigerians

July 14, 2022

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,

Business News·Insights·Real Estate

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

June 9, 2022

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

Finance & Economy·News

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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

Support Productive Sectors To Reduce Cost, LCCI Urges CBN

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