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MONETARY POLICY RATE
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, according to the latest Money and Credit Statistics from the Central Bank of Nigeria (CBN).
The year 2024 was marked by improved profitability for most commercial banks in the country, marked by a steep increase in interest income on the back of high-interest rate environment, as well as gains from repriced FX assets.
The naira appreciated to N1,625/$1 in the parallel market on Tuesday, up slightly from N1,627/$1 recorded on Monday, according to data sourced by Nairametrics from currency traders in Lagos.
The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its latest Monetary Policy Committee (MPC) meeting.
The naira appreciated marginally to N1,597/$1 on Monday at the official foreign exchange market, according to data published by the Central Bank of Nigeria (CBN).
As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepares for its 300th meeting scheduled for May...
Lawmakers have cautioned the Central Bank of Nigeria (CBN) against raising interest rates beyond the current figure of 27.5% in its bid to curb inflation.
The Central Bank of Nigeria (CBN) has revealed that Nigerians secured personal loans amounting to N470 billion from...
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has announced its decision to maintain the...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the current high interest rate would be reduced very soon as the inflationary pressure eases as expected.
Nigeria has officially overtaken Ghana as the country with the highest benchmark interest rate in West Africa, following the Central Bank of Nigeria’s (CBN) decision to raise its Monetary Policy Rate (MPR) to 27.5%.
Once again, beyond expectations, on September 24, 2024, the CBN’s Monetary Policy Committee (MPC) raised the MPR by 50 basis points, pushing it to 27.25%.