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Nigeria's central bank surprises with a rate hike to 27.25%
Nigeria's central bank surprised the market by raising its benchmark lending rate to 27.25% from 26.75% on Tuesday, with governor Olayemi Cardoso adding that the decision of the monetary policy committee (MPC) was unanimous.
BREAKING: In fifth consecutive hike, CBN raises Nigeria’s interest rate to 27.25%
The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, has raised the interest rate by 50 basis points to 27.25 percent, 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.
Why we raised interest rate to 27.5% -CBN
14h
Nigeria Set to Pause Two-Year Tightening Cycle as Inflation Cools
Nigeria’s monetary policymakers are expected to cautiously loosen their grip on a more than two-year tightening cycle on ...
Daily Post Nigeria
50m
Nigeria defender Ogbu set to undergo surgery
Nigeria defender Igoh Ogbu is set for a lengthy spell on the sidelines due to injury. Ogbu sustained an injury in Slavia ...
The Africa Report
6h
Nigeria: Judge recuses herself from trial of Biafra separatist leader Nnamdi Kanu
Justice Binta Nyako said she will step down from Nnamdi Kanu’s case and return the file to the chief judge “for further ...
Premium Times
59m
Remi Tinubu seeks assistance to rejig Nigeria’s school meal programme
She acknowledged the potential of the school feeding programme to drive up enrollment in schools as well as promote nutrition ...
1d
on MSN
Nigeria's ruling party wins first test since Tinubu elected
Nigeria's ruling party, the All Progressive Congress (APC), has won its first big electoral test since Bola Tinubu became ...
The Africa Report
6h
Nigeria: Defence minister under fire for alleged sponsoring of bandits in Zamfara
Governor Dauda Lawal says his predecessor and current defence minister is a bandits’ sponsor and is undermining efforts to ...
1d
Dangote Says Time for Nigeria to End Fuel Subsidy, Boost Naira
Nigerian billionaire Aliko Dangote said the “time is right” for the West African nation to end a decades-long subsidy on fuel ...
IJNet
21h
WhatsApp's threat to exit Nigeria and its consequences for journalists
After Nigeria’s consumer protection agency, the Federal Competition and Consumer Protection Commission (FCCPC), issued a $220 ...
Yahoo
1d
Nigeria's flood survivors say they're being told to go home
STORY: At a displacement camp in
Nigeria
's Maiduguri, flood survivors are being given bags of rice and cartons of pasta.
ecofinagency
5h
EU Provides $1.2mln in Aid to Flood Victims in Nigeria
Nigeria is currently facing devastating floods that have affected several regions. The floods have caused numerous casualties, significant property damage, and displaced millions of people. The ...
Nairametrics
1h
Nigeria’s external reserves hit $39.07 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024. This is according to ...
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