Nigeria: CBN Retains Interest Rates At 27.5 Percent

Our businesses cannot survive on double digits’ interest...

Industrialists, entrepreneurs and business owners have called on the Central Bank of Nigeria to come to the aid of Micro, Small and Medium Enterprises (MSMEs) by either bringing down interest rates to single digits or creating a special intervention fund for them. They made the call yesterday while reacting to the retention of interest rates at 27.5 per cent by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC). Speaking to Daily …

Nigeria: CBN Retains Interest Rates At 27.5 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent

UPDATED: Again, CBN holds benchmark interest rate at 27.5%

The decision, announced by CBN Governor Olayemi Cardoso at the end of a two-day Monetary Policy Committee (MPC) meeting in Abuja, marks the third time in a row that the bank has opted to hold the rate steady

BREAKING: CBN MPC retains Nigeria's interest rate at 27.50%

The Central Bank of Nigeria's Monetary Policy Committee meeting has retained the country's interest rate at 27.50 percent. The Governor of CBN, Olayemi

Naira Weakens Further, Rates Stay Unchanged

The naira continued its downward slide against the US dollar at the official foreign exchange market on Tuesday, following the Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.50%. According to data released by the CBN, the naira depreciated to ₦1,535.24 per dollar, down from ₦1,532.54 recorded on Monday. This reflects a day-on-day loss of ₦2.70, marking the second consecutive decline for the naira this w…

CBN holds key lending rate steady at 27.5%

Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 27.5%. CBN Governor Yemi Cardoso, The post CBN holds key lending rate steady at 27.5% appeared first on National Accord Newspaper.