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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 Surprises with Rate Hike Amid Inflation Combat
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% in an effort to control persistent inflation. This marks the fifth rate hike this year. Despite a recent dip in inflation,
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,
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.
LEADERSHIP Newspaper
4m
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
11m
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 ...
18h
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 ...
The Nigerian Voice
1h
It Isn't Realistic To Fully Secure Nigeria With Just 2 Million Security Agents— Chief Of Army Staff
Lieutenant General Taoreed Lagbaja, has lamented the extreme shortage of security personnel, inadequate funding and ...
The Punch Newspapers
1h
UNGA79: Nigeria seeks Finland’s support for UN permanent seat
Nigeria has 25 years of uninterrupted democracy. And in President Bola Ahmed Tinubu #officialABAT is a president with huge ...
The Africa Report
10h
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 ...
The Nigerian Voice
1h
Managing Your Finances As A Civil Servant In Nigeria
Managing your finances as a civil servant in Nigeria could be very difficult in this President Tinubu Bola rsquo;s ...
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 ...
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.
Nairametrics
5h
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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