CBN Increases Interest Rate to 17.5% The Central Bank of Nigeria’s Monetary Policy Committee has decided to raise the benchmark interest rate by 1 percentage point, bringing it to 17.5%. This was announced by the CBN Governor, Godwin Emefiele, during the first MPC meeting of the year on Tuesday. This marks the fifth time the […]
CBN Raises Interest Rate to 14% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 14%. The chair of the Committee and Governor of CBN, Godwin Emefiele, disclosed this during a post-MPC briefing in Lagos. The interest rate, which was pegged at 11.5% for […]
CBN Raises Interest Rate to 13% The Monetary Policy Committee of the Central Bank of Nigeria, CBN has voted unanimously to raise the benchmark interest rate to 13% after two and half years of expansionary monetary policy. This was disclosed by the Governor of the CBN, Godwin Emefiele, while reading the communique of the 142nd […]
