Analysts fear new interest rate may increase non-performing loans
By Melvin Onwubuke There are concerns by some financial experts, regarding the aggressive monetary policy stance adopted by the Central Bank…
MPR
Nigeria needs more stringent measures to secure macroeconomic stability – Fitch
By Melvin Onwubuke Fitch Ratings Inc. has highlighted the need for Nigeria to adopt more rigid monetary tightening measures to secure macroeconomic…
Fuel, electricity tariff cap costly, IMF warns Nigeria
By Melvin Onwubuke The International Monetary Fund IMF has revealed that price caps on fuel and electricity tariffs below the cost recovery…
Banks increase lending rates after CBN’s MPR hike
By Melvin Onwubuke Following the Central Bank of Nigeria’s record increase in monetary policy rate, Nigerian banks began to raise their…
CBN raises interest rate to 18.5%
The Central Bank of Nigeria has announced its increase of the Monetary Policy Rate from 18% to 18.5%. Channels TV reported the…