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Tag Archives: MPR

CBN Increases Interest Rate to 24.75%

CBN Increases Interest Rate to 24.75%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new …

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CBN Raises Interest Rate to 17.5%

CBN Raises Interest Rate to 17.5%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the end of the two-day MPC meeting, the first of …

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MPR: CBN Retains Benchmark Rate at 11.5 Per Cent

MPR: CBN Retains Benchmark Rate at 11.5 Per Cent

The Central Bank of Nigeria has yet again retained its benchmark rate at 11.5 per cent, and other key monetary policy parameters. The CBN governor, Godwin Emefiele, announced this on Tuesday after the Monetary Policy Committee meeting. Addressing journalists after the first meeting of the year 2022, Mr Emefiele announced that the …

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CBN Retains MPR at 13.5%

CBN N50bn

In an effort to allow its interventions on COVID-19 to permeate the economy, The monetary policy committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate (MPR) at 13.5%. This was announced by Godwin Emefiele, CBN governor, on Tuesday after the two-day meeting …

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