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MPR and other Lending Rates. 2017-June 2022. Source: CBN/Nairametrics

Maximum lending rate in Nigeria on track to rise above 30%

by Research Team

Nigeria's CBN decision to hike interest rate could push lending rates to 30%

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

CBN retains MPR at 11.5%, holds other parameters constant

by Samuel Oyekanmi

November 24, 2020

The Central Bank of Nigeria (CBN), voted unanimously to keep the Monetary Policy Rate (MPR), at 11.5%.

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