CBN Gov Reveals when Nigeria's Economic Stability Will Translate to Growth

CBN gov reveals when Nigeria's economic stability will translate to growth

Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has assured Nigerians that the gains of the country’s monetary stability will soon

No interest rate cut yet as CBN retains MPR at 27%, continues inflation fight

The CBN retained the Monetary Policy Rate at 27%, keeping other key indicators unchanged, meaning Nigerian borrowers must wait longer for cheaper loans.

CBN Retains Benchmark Interest Rate At 27% As MPC Pauses Further Tightening

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has maintained the benchmark interest rate at 27 per cent, extending its pause on further monetary tightening. CBN Governor Olayemi Cardoso announced the decision on Tuesday following the conclusion of the committee’s 303rd meeting in Abuja. He explained that the majority of MPC members agreed that holding the current rate was the most appropriate step given prevailing econ…

CBN Retains Interest Rate At 27% As MPC Votes Unanimously

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 27 per cent, following a unanimous vote by all 12 members of the Monetary Policy Committee (MPC). News360 Info reports that CBN Governor, Olayemi Cardoso, announced the decision while briefing journalists at the end of the committee’s 303rd meeting held […]

Nigeria holds rates at 27% to cement inflation wins

Nigeria’s central bank left borrowing costs unchanged on Tuesday, opting to pause a nascent easing cycle to safeguard gains made against persistent price pressures. The Monetary Policy Committee (MPC), led by Governor Olayemi Cardoso, voted to retain the benchmark interest rate at 27%. The decision effectively rules out further rate adjustments until at least 2026, pivoting away from the surprise cut delivered in September—the first in five year…

BREAKING: CBN Retains Interest Rate At 27%

…CBN Maintains Lending Rate At 27% …Experts Back CBN Lending Rate Retention Sixteen commercial banks have fully complied with the Central Bank of Nigeria’s new capitalisation threshold of ₦500bn. The CBN Governor Mr Olayemi Cardoso, confirmed this on Tuesday during a media briefing on the outcome of the apex bank’s Monetary Policy Committee meeting. He added that 27 banks are still in the process of raising the required capital, assuring that th…