Tag: Interest Rate
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Expert faults CBN increase in interest rate
Mr Daniel Akeju, an advisor and treasury manager has faulted the Central Bank of Nigeria (CBN) recent increase in the Monetary Policy Rate (MPR) in an attempt to curb inflation and stabilise the economy.
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Reactions trail CBN raising interest rate to 26.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline interest rate by 150 basis points to 26.25 per cent from 24.75 per cent.
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MPC: Ex-CBN director predicts increase in lending rate
Dr Titus Okunronmu, former Director of Research Department, Central Bank of Nigeria (CBN), has predicted an increase in the lending rate from its current 24.75 by the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN).
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No airline can survive 28% interest rate – Ex-NCAA D-G
Dr Harold Demuren, a former Director-General of the Nigeria Civil Aviation Authority, (NCAA) , says no airline can survive under the current 28 to 30 per cent interest rate charge on loans by commercial banks.
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European Central Bank keeps key interest rates on hold
The European Central Bank (ECB) has kept its key eurozone interest rates unchanged at its monetary policy meeting on Thursday.
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BREAKING: Egypt’s central bank hikes interest rates by 600 bps to record high of 27.25%
The Central Bank of Egypt (CBE) has hiked overnight deposit rate, the overnight lending rate, and the rate of the main operation by 600 basis points to 27.25 percent, 28.25 percent, and 27.75 percent, respectively.
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Why CBN moderately raised interest rate from 18.50% to 18.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Monday, raised the country’s Monetary Policy Rate (MPR) from 18.50 per cent to 18.75 per cent.
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BREAKING: CBN hikes interest rate to 18.75%
The Central Bank of Nigeria (CBN) has moderately raised the monetary policy rate (MPR) from 18.5% to 18.75%.
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Despite rising inflation, CBN increases interest rate 18.5 per cent
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the interest rate by 18.5 per cent to 20.5 per cent from the initial 18 per cent in March despite rising inflation in the country. The increment in interest rate was announced on Wednesday by Governor of the Central Bank of Nigeria, Godwin Emefiele,…
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CBN jerks up interest rate to 18%
The Central Bank of Nigeria Monetary Policy Committee (MPC) has agreed to jerk up the benchmark interest rate by 50 basis points to 18. per cent. This was made known by the CBN Governor, Godwin Emefiele through a communique of the second MPC meeting of the year on Tuesday.