CBN Cuts Interest Rate to 23% From 26.5%
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 23 per cent, signalling a fresh adjustment to its monetary policy framework. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday after the Monetary Policy Committee (MPC) concluded its 307th meeting in Abuja. The reduction brings the Monetary Policy […]
CBN Holds Interest Rate at 26.5% Amid Rising Inflation Concerns
By Oluwakemi Kindness The Central Bank of Nigeria has retained the benchmark interest rate at 26.5 percent as authorities continue efforts to rein in inflation and stabilise the economy. The decision was announced on Wednesday by the CBN Governor, Olayemi Cardoso, after the 305th meeting of the Monetary Policy Committee in Abuja. Cardoso said all […]