gtag('config', 'G-4J8L8BEK7P');
Connect with us

Hi, what are you looking for?

Breakings

CBN RAISES INTEREST RATE TO 14%

The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent.

The new interest rate comes barely two months after the apex bank raised the interest rate to 13 per cent.

This was disclosed by the governor of the apex bank, Godwin Emefiele, after the committee’s meeting at the CBN headquarters in Abuja.

Advertisement. Scroll to continue reading.

The governor of the apex bank said the hike in interest rate would help tame rising inflation.

Click to comment

Leave a Reply

Your email address will not be published.

In other news

Economy

The Central Bank of Nigeria (CBN) has assured Nigerians that it would continue to make deliberate efforts in the foreign exchange sector to avert...

Business

Mauritius Commercial Bank (MCB) plans to open a representative office in Nigeria as it aims to diversify its business beyond oil and gas to...

Business

The Central Bank of Nigeria (CBN) has voted to raise the Monetary Policy Rate (MPR) which measures interest rate, to 13 percent. The Governor...

National

The Independent National Electoral Commission (INEC) has said it may consider alternatives for storing sensitive election materials outside the Central Bank of Nigeria (CBN)....

National

The office of the Central Bank of Nigeria (CBN) in Makurdi, Benue State capital, has been gutted by fire in the early hours of...

Business

The currency in circulation in Nigeria fell by N37.94 billion in February to N3.25 trillion compared to N3.29 trillion recorded as of January 2022....

Advertisement