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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.
CPPE Slams Central Bank Of Nigeria’s Interest Rate Hike As ‘Suffocating’ To Economy
The CBN's decision to raise interest rates has been met with criticism from the CPPE, who argued that it will harm businesses.
Nigerian Central Bank defies expectations with rate hike amid foreign investor sell‑off
As foreign investors sell off Nigerian stocks – after buying heavily earlier this year – the country’s central bank surprised many by continuing to hike rates on Tuesday, with an aim to achieve positive real returns.
Central Bank of Nigeria’s New Appointments at Keystone Bank
The Central Bank of Nigeria has announced reorganizing Keystone Bank Limited's board of directors, which is a key step toward improving the bank's governance
Nigeria's Central Bank Surprises with Rate Hike Amid Inflation Combat
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% in an effort to control persistent inflation. This marks the fifth rate hike this year. Despite a recent dip in inflation,
Nigeria’s Central Bank Surprises Markets with Fifth Rate Hike
Nigeria's central bank has once again raised its benchmark lending rate by 50 basis points to 27.25%, marking its fifth rate hike this year. The move, which surprised analysts, aims to combat persistent inflation.
Nigeria Surprises With Half-Point Hike to Crush Inflation
The Central Bank of Nigeria surprised financial markets by raising borrowing costs to a fresh record high to quell inflation, support the naira and attract investments. Bloomberg News' Ondiro Oganga discusses with Joumanna Bercetche on Horizons Middle East & Africa.
Nigeria's Central Bank Increases Benchmark Lending Rate to 27.25%
The Central Bank of Nigeria, led by Governor Olayemi Cardoso, has increased its benchmark lending rate to 27.25% from 26.75% as announced on Tuesday.
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.
2d
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 ...
TheCable
1d
AGF denies seizure of Nigeria’s $21m by US court, says only sovereign immunity motion was rejected
Lateef Fagbemi, attorney-general of the federation, has denied the reports that a court in the United States authorised the ...
Nairametrics
2d
Active bank accounts in Nigeria rise to 231.1 million in July 2024—NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in Nigeria rose to 231 ...
Arise
7d
Nigeria No Longer Depends On Ways And Means Nor Central Bank Borrowing For Debt Servicing, Says Finance Minister Edun
Finance Minister Edun has said economic reforms are yielding positive results, with increased government revenues and ...
Sahara Reporters
14d
BREAKING: Nigerian Central Bank Begins Tracking Of POS Transactions, Issues Directive To Service Providers
The directive on PoS business registration comes against the backdrop of frequent fraud incidents involving PoS terminals and ...
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