Got a tip? Call (777) 625-7647
Search
More
    HomeNewsBREAKING: CBN raises Nigeria’s interest rate to 27.25%, fifth time in a...

    BREAKING: CBN raises Nigeria’s interest rate to 27.25%, fifth time in a row

    News

    Published on

    By GlobalMaritimeandAviation
    spot_img

    The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has again raised the interest rate by 50 basis points to 27.25 percent.

    This is 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.

    The development comes as the country’s inflation rate eased for the second consecutive month in August to 32.15 percent, according to the National Bureau of Statistics, NBS.

    This is a developing story…

    By: Babajide Okeowo

    The post BREAKING: CBN raises Nigeria’s interest rate to 27.25%, fifth time in a row appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.

    Latest articles

    Politics

    Nigeria Pitches Credibility Over Rhetoric as Energy Transition Financing Takes Centre Stage at Davos

    From a public accountability and performance metrics standpoint, Nigeria used the global platform of...
    Uncategorized

    Airlines, Other Stakeholders Rub Minds with House Committee on Disability Matters

    Amah A. Amah Today, Thursday, 12th December, 2024, airlines, architects, as well as other stakeholders...
    News

    Better Future Beckons for PWDs in Nigeria as House Committee Chairman Seeks Collaboration with KOREA

    Amah A. Amah in Abuja  It was in furtherance of his commitment and efforts to...
    Business

    Nigeria: Tinubu Celebrates Port Harcourt Refinery Revival, Urges NNPCL to Fast-Track Warri, Kaduna

    President Bola Tinubu has directed the management of the Nigeria National Petroleum Company, Limited,...

    More like this

    Politics

    Nigeria Pitches Credibility Over Rhetoric as Energy Transition Financing Takes Centre Stage at Davos

    From a public accountability and performance metrics standpoint, Nigeria used the global platform of...
    Uncategorized

    Airlines, Other Stakeholders Rub Minds with House Committee on Disability Matters

    Amah A. Amah Today, Thursday, 12th December, 2024, airlines, architects, as well as other stakeholders...
    News

    Better Future Beckons for PWDs in Nigeria as House Committee Chairman Seeks Collaboration with KOREA

    Amah A. Amah in Abuja  It was in furtherance of his commitment and efforts to...

    Aenean mollis odio augue, sit amet sollicitudin augue ullamcorper eget. Praesent tincidunt et neque congue efficitur.

    Subscribe

    To get email updates from Today News.

    © Newspaper WordPress Theme by TagDiv