Top 10 African countries with the highest borrowing costs in 2025
As inflation remains a persistent threat across African economies, several central banks have been forced to adopt aggressive monetary tightening, ...
Tag: Monetary Policy Rate
Money supply soars to N119 trillion amid CBN’s rate pause strategy
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, according to the latest Money and ...
Best performing Nigerian banks judging by their numbers in 2024
The year 2024 was marked by improved profitability for most commercial banks in the country, marked by a steep increase ...
Naira appreciates to N1,625/$1 in parallel market, N1,588.50/$1 at official
The naira appreciated to N1,625/$1 in the parallel market on Tuesday, up slightly from N1,627/$1 recorded on Monday, according to ...
CBN retains MPR at 27.5%, keeps CRR at 50%, liquidity ratio at 30%
The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its latest ...
Naira appreciates to N1,597/$1 in official market ahead of crucial MPC meeting
The naira appreciated marginally to N1,597/$1 on Monday at the official foreign exchange market, according to data published by the ...
MPC likely to hold MPR at 27.5%, but room remains for a modest hike
As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepares for its 300th meeting scheduled for May 19 - ...
Lawmakers caution CBN against raising interest rates beyond 27.5% to reduce unemployment
Lawmakers have cautioned the Central Bank of Nigeria (CBN) against raising interest rates beyond the current figure of 27.5% in ...
Nigerians got N470 billion personal loans from banks in three months – CBN
The Central Bank of Nigeria (CBN) has revealed that Nigerians secured personal loans amounting to N470 billion from banks within ...
Ghana’s Central Bank maintains Monetary Policy Rate at 27% amid inflationary pressures
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has announced its decision to maintain the policy rate ...
