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Tag: Monetary Policy Rate

Finance

CBN retains MPR rate at 26.5% amid rising inflation

The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate at 26.5 per cent following its 305th meeting. The decision was reached at the latest MPC session, with 11 members in attendance. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the meeting […]

Finance

CBN holds monetary policy rate at 27% amid inflation

The Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 27 per cent, citing the need to allow previous reduction to sufficiently transmit to the economy. Meanwhile, the apex bank disclosed that 16 banks have met the new minimum capital requirements, adding that 27 had raised capital. CBN Governor, Mr. Olayemi Cardoso, […]

Policy and Regulations

CBN demands deeper fiscal, monetary policy synergy

The Central Bank of Nigeria says its ongoing reform measures are restoring stability to the economy, but stressed the need for deeper coordination between fiscal and monetary authorities to sustain the gains. Speaking at the 2025 Seminar for Finance Correspondents and Business Editors in Abuja, CBN Deputy Governor (Corporate Services), Ms. Emem Usoro, said coordinated […]

Logo and the photo of the Central Bank of Nigeria's building
Business featured

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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