CBN raises interest rate to 22.75% in a bid to curb inflation
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 400 basis points to a record 22.75% from 18.75 percent. Addressing journalists at the end of the two-day first MPC meeting of the year in Abuja, CBN Governor, Olayemi Cardoso, disclosed that the committee voted to adjust […]
CBN to hold its first MPC under the new Governor on February 26
The Central Bank of Nigeria CBN, says its Monetary Policy Committee MPC will hold its first meeting under the tenure of Mr Olayemi Cardoso as Governor, on Monday February 26 and Tuesday February 27, 2024. The announcement follows a two-day strategic session for MPC members ahead of the meeting. A calendar of MPC meetings for […]