Tag: CBN interest rate hike

CBN Reaffirms Commitment to Strengthening Nigeria-Saudi Economic Relation

CBN Raises Interest Rate to 27.50% Amid Inflation Concerns

by Ikenna Ngere

November 26, 2024

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50% from 27.25% in a bid to address rising inflation. This decision was made during the ...

Making Money From the CBN’s 15.5% interest rate hike

by Harry Choms

September 28, 2022

Godwin Emefiele, Governor of the Central Bank of Nigeria, announced an increase in the benchmark interest rate (MPR) to a two-decade high of 15.5%. He made this announcement after the ...