• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BREAKING: CBN Further Increases Monetary Rate To 14%

by Bukola Idowu and Mark Itsibor
3 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the second time in three months increased official interest rate by 250 basis point.

Advertisement

The committee increased the Monetary Interest Rate (MPR) by 150 basis point in May 2022 – from 11.5 per cent to 13 per cent.

At the end of its July meeting on Tuesday, the MPC again announced further tightening of the rates by 100 basis points – 14 per cent from 13 per cent in May.

The apex bank had held the official interest rate at 11.5 per cent to pursue a place of price stability that is conducive to growth.

As regard the decision to tighten, loosening or hold, the MPC members were unanimous and so did not consider both loosening and retaining rates at existing levels.

RELATED

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

2 hours ago
Brazil Approves LASU As Center Of Excellence For CELPE-Bras Exam

LASU Suspends Exam, Academic Activities

2 hours ago

The MPC believes that loosening will worsen the existing liquidity condition in the country and further dampen money market rates.

However, the MPC retained other monetary parameters constant around the MPR. That implies that the apex bank retained held the asymmetric corridor of +100/-700 basis points was also retained, same for the Cash Reserve Ratio at 27.5 per cent, while Liquidity Ratio was also kept at 30 per cent.

The bank also urged the federal government to curb insecurity to enable farming activities to return across the country and help to reduce the inflationary pressure from the supply side of the chain.

MPC called on the government to seek a viable ways to address the pricing issue of petroleum products to deal with the issue of fuel scarcity.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

North-Central APC Group Calls For Adamu’s Resignation Over Osun Gov’ship Poll

Next Post

SUV Car Rams Into Newspapers’ Stand, Kills 3 Readers

Bukola Idowu and Mark Itsibor

Bukola Idowu and Mark Itsibor

You May Like

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi
News

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

2025/08/02
Brazil Approves LASU As Center Of Excellence For CELPE-Bras Exam
Education

LASU Suspends Exam, Academic Activities

2025/08/02
Bago
News

ADC Condemns Shutdown Of Radio Station In Niger

2025/08/02
Gov Sani Distributes 400 Trucks Of Fertilizer To 100,000 Kaduna Farmers
News

Gov Sani Distributes 400 Trucks Of Fertilizer To 100,000 Kaduna Farmers

2025/08/02
Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums
News

Police Clash With Community Over Land Dispute In Abuja

2025/08/02
Zulum Shares N734m, Books, 6,330 Bags, Food To 4,945 ‘Almajiri’ Schools
News

Zulum Allays Borno Residents’ Fears Over Alau Dam

2025/08/02
Leadership Conference advertisement

LATEST

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

LASU Suspends Exam, Academic Activities

ADC Condemns Shutdown Of Radio Station In Niger

Abure-led Labour Party Faults INEC Over Party’s Omission In By-election

Gov Sani Distributes 400 Trucks Of Fertilizer To 100,000 Kaduna Farmers

Police Clash With Community Over Land Dispute In Abuja

Zulum Allays Borno Residents’ Fears Over Alau Dam

Police Summon Sowore For Alleged Forgery, Inciting Disturbance

Tinubu Celebrates Ex-VP Sambo At 71

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.