cbn interest rate
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Nigeria CBN Maintains Interest Rate at 27.5% to Curb Inflation
The Central Bank of Nigeria (CBN) has kept the Monetary Policy Rate at 27.5% to stabilize the economy. Governor Olayemi Cardoso confirmed that other key monetary parameters remain unchanged, including the cash reserve ratio and liquidity ratio. The decision reflects CBN’s cautious stance in...- Nigeria News
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- Category: Business
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![Today's Naira Rate[25-09-2024]: Naira Depreciates to N1,658.48 as CBN Raises Interest Rates for Fifth Time in 2024](/data/attachments/208/208624-4803cd99f027345ad0bd4f909c6fbdcc.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[25-09-2024]: Naira Depreciates to N1,658.48 as CBN Raises Interest Rates for Fifth Time in 2024
The naira fell by N95.83 to N1,658.48 against the dollar after the Central Bank of Nigeria's rate hike. Increased dollar supply saw market activity surge by 66%. The CBN raised interest rates to 27.25% to stabilize the currency amid growing inflation and monetary supply concerns. The naira...- Nigeria News
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- 1 min read
- cbn interest rate naira depreciation nigerian forex market
- Category: Business
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