CBN to further increase interest rates in second half of 2024- Fitch
Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria ...
Tag: MPR
News and analysis about MPR
Naira trades at April low as U.S dollar near six month high
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of ...
Experts predict higher inflation rate for March 2024
The level of inflation in the country for the month of March 2024 and experts interviewed by Nairametrics have predicted ...
Nigeria’s high interest rate will lead to company shutdowns, job losses – Chike-Obi
The Chairman of the Bank Directors Association of Nigeria, Mustafa Chike-Obi, has stated that the Central Bank of Nigeria (CBN)’s ...
Top 10 countries with highest interest rates in Africa
According to forecasts by the World Bank, the median inflation rate in Sub-Saharan Africa is expected to decline to 5.1% ...
KPMG: Nigeria’s inflation battle hinges on fixing supply-side issues
KPMG has said that the effectiveness of the Central Bank of Nigeria's (CBN) monetary tightening strategies may fall short unless ...
CBN raises benchmark MPR by 200 basis points to 24.75%
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%. ...
Top 10 banks with highest prime lending rates for manufacturing firms in Nigeria
The Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR) by 400 basis points, elevating it to a historic high ...
New MPC Member, Sagagi, explains why monetary policy will not curb Nigeria’s inflation
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing ...
Experts push for economist-led advisory council to curb rising inflation
Experts doubt the efficacy of the current economic advisory council in tackling the inflation crisis
