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Tag: Inflation

CBN cuts key interest rate...

CBN cuts key interest rate to 26.5%...

CBN sets sights on banking...

CBN sets sights on banking stability, fintech...

CBN cuts key interest rate to 26.5% as inflation eases

CBN cuts key interest rate to 26.5% as inflation eases  story by Martha Gwary The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27 per cent to 26.5 per cent in a move aimed at consolidating the easing inflationary trend. The Governor of the apex bank, Olayemi Cardoso, announced the decision while briefing journalists at the end of the 304th meeting of the Monetary Policy Committee (MPC) held in Abuja on Tuesday. READ ALSO: CBN recruits beg Tinubu, CBN Governor to look in...
Abdullahi Mustapha Haruna -
International

Why G20, BRICS+...

Why G20, BRICS+ shun Nigeria – Ex-envoys Former envoys have attributed Nigeria's exclusion from the G20 and BRICS+ to its weak economy, marked by import...
Jamila Suleiman -
Business & Economy

CBN increases interest...

CBN increases interest rate to 26.25% Story from Usman UMAR The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has once again increased the...
Neptune Prime -
Business & Economy

Dangote Refinery reduces...

Dangote Refinery reduces diesel price to N1,000 per litre from N1200 In an impressive move, Dangote Petroleum Refinery has announced further reduction of the price...
Neptune Prime -
Opinion

The undebated driver...

The undebated driver of naira devaluation, inflation and dwindling economy, by Abubakar M Kareto One  of  the  most  well-known consequences  of subsidy  removal on people...
Neptune Prime -
Nation

Nigerians to witness...

Nigerians to witness more hunger, hardship as inflation jumps to 29.9% More hardship and hunger is expected among citizens as Nigeria’s inflation hit 29.9 percent. The National...
Neptune Prime -
Local

Yobe traders organise...

Yobe traders organise special prayers over rising hardship in Nigeria Story from Ibraheem EL-TAFSEER, Damaturu Thousands of people have converged in Potiskum to offer a special...
Neptune Prime -
Business & Economy

CBN governor Cardoso...

CBN governor Cardoso to appear before Senate Financial Committee as naira dwindles to N1,520 per dollar The Nigerian Senate, on Wednesday, through its Committee on...
Neptune Prime -
Business & Economy

CBN adjusts policy...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) decided to increase the country's Monetary Policy Rate (MPR) from 18.5 per cent to 18.75 per cent.
Maryam Umar -
News

Inflation: MTN announces...

Inflation: MTN announces increase in call, data prices MTN, a member of the Telecomms group, has announced its plan to increase prices in selected markets...
Jane AISO -
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