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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 -
Nation

Eid-el-Kabir: COVID-19, floods,...

President Muhammadu Buhari has congratulated Muslims over their Eid-El-Adha festival, adding that flood and insecurity caused the increase in rams, cows, and other food...
Maryam Umar -
Local

Inflation: Four slices...

Amidst complaints of food prices increasing across the country, a Twitter user has disclosed that slices of yams are now reportedly sold in the...
Maryam Umar -
Nation

Nigeria’s inflation rate...

The rate of inflation in Nigeria has dropped slightly in April 2021, shedding 0.05 per cent to close at 18.12 per cent in the...
Aisha Auyo -
Business & Economy

Nigeria’s 2020 inflation...

The National Bureau of Statistics (NBS) said on Tuesday, September 15, 2020, that the nation’s inflation rate has recorded its biggest increase so far...
Maryam Umar -
Business & Economy

Activities of custom...

The activities of officers and men of the Nigeria Customs Service, NCS, in the nation’s port is contributing to the rising inflation in the...
Gift Luckson -
Business & Economy

Why Nigeria’s inflation...

Nigeria’s consumer price index, which measures inflation rose to 11.61% its highest in 17 months, as core inflation drops marginally in October 2019. This was disclosed...
Aisha Auyo -
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