30 results
- 18 Jun 2014
Bankers Committee Kicks Against Interest Rate Reduction
The Bankers’ Committee yesterday said that it might be difficult for the Central Bank of Nigeria (CBN) to achieve a lower interest for the country owing to the current level of macro economic…
- 24 Sept 2024
CBN Raises Interest Rate to 27.25 Per cent
Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 per cent. The monetary policy rate is the…
- 27 Mar 2019
CBN May Cut Interest Rates Again Grow Economy- Expert
Lukman Otunuga, research analyst at FXTM, has said the the Central Bank of Nigeria (CBN) would likely cut interest rates further if macro-economic conditions in the country improve. Otunuga…
- 21 May 2024
CBN raises interest rate to 26.25%
Monetary policy committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 24.75 percent to 26.25 percent. This comes after…
- 22 Aug 2022
Stakeholders Lament CBN's Interest Rate Reversal on Intervention Loans
Central Bank of Nigeria's (CBN) decision to revert interest rate on its Covid-19 intervention facilities has drawn the ire of stakeholders as well as experts, whose thoughts are that the action will…
- 24 May 2022
CBN Raises Interest Rate to 13 Percent
Central Bank of Nigeria (CBN) has raised interest rate in the country to 13 percent, showing an increase of 1.5 percent. The interest rate had been at 11.5 percent initially before the hike by the…
- 24 Jul 2015
CBN Keeps Benchmark Interest Rate at 13 percent
Central Bank of Nigeria kept its benchmark interest rate on hold at 13 percent on Friday, saying concerns about rising inflation and expected normalisation of U.S. interest rates meant monetary…
- 3 Sept 2013
FXTM Expects Global Interest Rates to Remain Same
Forex Time (FXTM) expects the global interest rates to maintain same outlook at least for the next three years, in spite of the United Kingdom (UK) stronger forex market. FXTM is an online forex…
- 9 Sept 2013
Banks, Environment Fuel High Interest Rate- CBN
Central Bank of Nigeria (CBN) has accused banks in the country of fueling the high interest rate ghost killing employment creation drive and generally haunting the country, Nigeria CommunicationsWeek…
- 25 Jul 2023
CBN Increases Interest Rate To 18.75 Per cent
Central Bank of Nigeria (CBN), on Tuesday, raised the Monetary Policy Rate (MPR) or interest rate from 18.5 percent to 18.75 percent. Folashodun Shonubi, acting CBN governor, announced the…
- 30 Jan 2023
Comercio Partners Projects How Interest Rate Hike will Impact SMEs, Consumers
Comercio Partners, an investment bank firm, has projected that the further increase in the Monetary Policy Rate or MPR, the benchmark interest rate of the Central Bank of Nigeria (CBN), to 17.5 per…
- 22 Oct 2019
Will the Central Bank of Nigeria Cut Interest Rates in November?
By Lukman Otunuga, senior research analyst at FXTM, Rising inflationary pressures in Nigeria will certainly complicate the Central Bank of Nigeria’s efforts to cut interest rates to stimulate growth.…
- 21 Jul 2026
CBN Retains Interest Rate at 26.5% as Cardoso Cites Global Uncertainty Despite Inflation Drop
Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the nation’s benchmark interest rate, at 26.5 per cent, citing heightened global uncertainties despite signs of resilience…
- 24 May 2017
CBN Retains 14% Interest Rate
The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) otherwise known as interest rate at 14 per cent. The apex bank disclosed this at the end of its Monetary Policy…
- 22 Mar 2023
CBN Increases Interest Rate to 18%
Policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18 percent. Godwin Emefiele, CBN Governor,…
- 22 Oct 2018
Higher US Interest Rates Burn through Nigeria’s Reserves
By Lukman Otunuga, Research Analyst at FXTM Defending the Nigerian Naira against the mighty Dollar has come at a steep price to the central bank of Nigeria in the form of falling reserves.…
- 20 Feb 2025
CBN Retains Benchmark Interest Rate at 27.5% after MPC Meeting
Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, as its benchmark interest rate at 27.5%.Nigerian home decor ideas. Governor of CBN, Olayemi Cardoso, disclosed this at the…
- 21 Nov 2017
CBN 14% Interest Rate: Investors Still Expecting Cut
By peter oluka Nigeria’s central bank has yet again left benchmark interest rates unchanged at 14% in November amid a ‘fragile’ economic recovery. But, Lukman Otunuta research analyst ForexTimes, in…
- 14 Nov 2019
Will the Central Bank of Nigeria Cut Interest Rates in November?
By Lukman Otunuga, Senior Research Analyst at FXTM, Rising inflationary pressures are certainly weakening the case for the Central Bank of Nigeria to cut interest rates from 13.5% anytime soon.…
- 5 Jun 2017
Senate to Meet with CBN on High Interests Rates Charged by Banks
President of the Senate, Bukola Saraki, has criticised commercial banks for the high interest rates they charge on loan facilities to Small and Medium Scale Enterprises. Saraki said the Senate would…
- 24 Jul 2017
How US Federal Reserve Interest Rate Decision Will Impact Naira
FXTM Research Analyst Lukman Otunuga writes on what could be the fate of Naira following Federal Reverse (United States of America) decision on interest rate. The Naira has steadily appreciated…
- 23 Mar 2016
CBN Raises Interest Rate Benchmark to 12%
Central Bank of Nigeria (CBN) unexpectedly raised the benchmark interest rate from 11 to 12 percent on Tuesday. The bank also raised the cash reserve ratio (CRR) for commercial banks to 22.5 percent…
- 24 Jan 2023
CBN Hikes Interest Rate to 17.5 Per Cent Despite Inflation Dip
Central Bank of Nigeria, CBN, Monetary Policy Committee has voted to increase the benchmark interest rate by 100 basis points, from 16.5% to 17.5 percent to tame inflation. Godwin Emefiele, CBN…
- 3 Oct 2013
FG Says Interest Rate will Crash in 18 Months
President Goodluck Jonathan has said that once the restructuring of the Development Finance Institutions is concluded, the interest rates on loans will drop within the next 18 months, as access to…
- 1 Jun 2009
Ekwosimba Decries High Interest Rate Charged by Banks
Mrs. Alle-Mary Ekwosimba, chief executive officer of Standard Delivery Service, an indigenous courier company in the upbeat has decried high interest rate charged by banks in granting loan facilities…
- 22 Apr 2024
Nigeria Secures $2.25bn World Bank Loan with 1% Interest Rate
Wale Edun, Minister of Finance and coordinating minister of the economy has announced that Nigeria has secured a $2.25bn World Bank loan with a 1% interest rate. Speaking at the annual meetings of…
- 4 Jun 2024
FG Giving Businesses up to ₦1Bn Loan @ 9 Percent Interest Rate — Wale Edun
Wale Edun, minister of Finance and Coordinating Minister of the Economy, has said that the federal government is offering businesses including manufacturers in the country credit facilities up to…
- 11 Jan 2022
Report Suggests CBN May Hike Interest Rate on Dollar Demands
A new report by Sigma Pensions, has said likely stronger dollar demand will convince the Central Bank of Nigeria (CBN) of the need to tighten monetary conditions as with the trend across global…
- 27 Feb 2024
CBN Raises Interest Rate to 22.5%
Central Bank of Nigeria's Monetary Policy Committee (MPC) has raised interest rate by 400 basis point from 18.5 percent to 22.5 percent. CBN governor Yemi Cardoso disclosed the decision of the…
- 23 Jul 2024
CBN Raises Interest Rate to 26.75% Amid Inflation
Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of…