CBN Cuts Interest Rate to 26.50 Percent
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, bringing it down to 26.50 percent from 27 percent. The decision was announced on Tuesday during the 304th Monetary Policy Committee (MPC) meeting held in Abuja. CBN Governor Olayemi Cardoso said the committee reached the […]
CBN Launches New Agric Credit Board to Tackle Food Insecurity
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has inaugurated a new Board for the Agricultural Credit Guarantee Scheme Fund (ACGSF), aimed at improving access to affordable credit for farmers. Speaking at the ceremony in Abuja on Tuesday, CBN Governor Olayemi Cardoso said the Bank is determined to address decades of chronic underfunding in […]