CBN Increases Interest Rate To 18.5%
The Central Bank of Nigeria has raised the Monetary Policy Rate (MPR) which measures interest rates to 18.5% to tame inflation.
Nigeria’s Inflation Rate Jumps To 21.9% Amid Failed Naira Policy
Nigeria's inflation rate increased to 21.9% in February 2023 from the 21.82% recorded in January, OduNews reports.
JUST IN: Nigeria’s Inflation Rate Jumps To 21.82% Despite Naira Redesign Policy
Nigeria's inflation rate has increased from 21.34% in December 2022 to 21.82% in January 2023, OduNews reports.
CBN’s Interest Rate Hike Pushes Naira Down Across FX Markets
CBN's decision to increase the interest rate to 17.5% pushed down the value of Naira at the different foreign exchange markets.
CBN Raises MPR To 17.5%
The Central Bank of Nigeria has raised the monetary policy rate from 16.5% to 17.5% to combat rising inflation.
Ghana Pegs Interest Rate At 22% — Highest In 20 Years
Ghana's Central Bank has increased its interest rate by 300 basis points to 22 per cent, the country's highest since 2002.
CBN Cuts Interest Rates On Savings Deposit To 10%
The Central Bank of Nigeria has slashed the interest rates on savings deposits to 10% of the monetary policy rate....