interest rate

  1. CBN Cuts Interest Rate to 26.5% - Lowest Since May 2024

    Nigeria CBN Cuts Interest Rate to 26.5% - Lowest Since May 2024

    The Digest: The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) from 27 percent to 26.5 percent, the lowest level since May 2024 when it stood at 26.25 percent. Governor Olayemi Cardoso announced the 50-basis-point cut at the...
    • Nigeria News
    • Article
    • 1 min read
    • cbn interest rate mpc olayemi cardoso
    • Category: Business
  2. CBN Holds Interest Rate at 27% Amid Ongoing Inflation Concerns

    Nigeria CBN Holds Interest Rate at 27% Amid Ongoing Inflation Concerns

    The Digest: The Central Bank of Nigeria has maintained its benchmark interest rate at 27 percent, as announced by Governor Olayemi Cardoso following the 303rd Monetary Policy Committee meeting in Abuja. The decision reflects the bank's continued focus on tackling persistent inflation and...
  3. CBN Cuts Interest Rate: What the Shift to 27% Means for You

    Nigeria CBN Cuts Interest Rate: What the Shift to 27% Means for You

    The Digest: The Central Bank of Nigeria has reduced its benchmark interest rate for the first time since 2020, lowering the Monetary Policy Rate by 0.5% to 27% in a move aimed at stimulating economic growth while maintaining inflation control. This strategic shift directly impacts Nigerians by...
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