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Nigeria, central bank
Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeria’s central bank raises interest rate to 27.25% amid inflation concerns
Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%. This is the fifth rate hike of the year and reflects the bank’s ongoing battle against inflationary pressures,
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.
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.
20h
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 ...
LEADERSHIP Newspaper
2h
UNGA: Nigeria Solicits Finland’s Support For UN Permanent Seat
Nigeria has solicited the support of Finland in its pursuit of a permanent seat at the United Nations (UN) Security Council.
INFORMATION NIGERIA
2h
Nigeria’s Unemployment Rate Increased To 5.3% In Q1 2024 – NBS
Nigerians continue to lament over economic hardship, the National Bureau of Statistics, said that the country's unemployment ...
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 ...
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 ...
The Punch Newspapers on MSN
26m
Nigeria Cup 2024: Alternative Bank joins Ikoyi Club as sponsors
The Alternative Bank, a pioneering, specialised, and non-interest finance institution, has partnered with the prestigious ...
The Africa Report
12h
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 ...
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.
The Punch Newspapers
1h
UNGA 79: Tinubu seeks debt forgiveness for Nigeria
President Bola Tinubu has called on world leaders to prioritise debt forgiveness for Nigeria and other developing countries from creditors and multilateral financial institutions.
2d
The journey that helped save Nigeria's art for the nation
Mr Cushman studied at Yale and Stanford Universities. He turned down the opportunity to work with investment company Merrill ...
Arise
5h
Jonathan: Power Struggle Cause of African Conflicts, Technology Can’t Curb Electoral Fraud in Nigeria
EXCERPT: Former president Jonathan insists there is little technology can do to curb fraudulent elections in Nigeria because ...
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