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CBN raises Monetary Policy Rate to 18%

The Central Bank of Nigeria has announced an increase in its Monetary Policy rate to 18 per cent. This was during its its 290th Monetary Policy Committee Press Briefing by the Governor, CBN, Mr. Godwin Emefiele. The Monetary Policy Committee of the Central Bank of Nigeria votes to raise Monitory Policy Rate  by 50 basis […]

Trapped funds: CBN to give foreign airlines $150m
Economy

We raised interest rate to control inflation – CBN

The Central Bank of Nigeria on Wednesday disclosed that the Monetary Policy Rate was increased by its Monetary Policy Committee in order to control the rising inflation. According to The PUNCH, this was disclosed by the CBN’s Director, Monetary Policy Department, Hassan Mahmoud at a post-MPC briefing tagged: “Unveiling Facts behind the Figures’’. The MPC […]

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