BREAKING: CBN Raises Interest Rate To 22.75%

by Mark Itsibor

1 year ago

in News

Share on WhatsApp Share on Facebook Share on X Telegram

Soludo Gets 48 Hours To Replace Obi, Umeh Campaign Billboards

2027: Ohanaeze Denies Asking Obi To Pull Out Of Presidential Race

1 hour ago

Super Eagles: Apologise To Nigeria, Senate Tells Libya

Senate Condemns Anti-Nigerians Protest In Ghana

1 hour ago

The Central Bank of Nigeria (CBN) has increased the monetary interest rate by 400 basis points, taking the interest rate benchmark to 22.75 per cent from 18.75 per cent, a major tightening measure to tame high inflation currently at 29.9 per cent.

Monetary Policy Committee (MPC) of the central bank, which took the decision at its meeting on Tuesday, also raised the Asymmetric Corridor to +100 -700.

Details Later…

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

Tags: Central Bank of Nigeria (CBN)

NDLEA Intercepts Largest Consignment Of Heroin At Lagos Airport

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M