Tag: 27%

  • CBN MAINTAINS INTEREST RATE AT 27%

    CBN MAINTAINS INTEREST RATE AT 27%

    Monetary Policy Committee of the Central Bank of Nigeria has kept the benchmark interest rate at 27 percent, extending its pause on monetary tightening. CBN Governor Olayemi Cardoso announced the decision yesterday Tuesday after the committee’s 303rd meeting in Abuja. He stated, “The Committee decided by a majority vote to maintain the monetary policy stance,”…

  • CBN SLASHES INTEREST RATE TO 27%

    CBN SLASHES INTEREST RATE TO 27%

    ‎ Central Bank of Nigeria’s Monetary Policy Committee MPC has announced a reduction in the country’s interest rate to 27percent for the first time in 2025. CBN Governor Olayemi Cardoso made the disclosure during a press briefing today Tuesday, following the 302nd MPC meeting in Abuja. He explained, “The Committee decided to reduce the monetary policy…