Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeria's Central Bank Increases Benchmark Lending Rate to 27.25%
The Central Bank of Nigeria, led by Governor Olayemi Cardoso, has increased its benchmark lending rate to 27.25% from 26.75% as announced on Tuesday.
Central Bank of Nigeria’s New Appointments at Keystone Bank
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Nigeria Surprises With Half-Point Hike to Crush Inflation
The Central Bank of Nigeria surprised financial markets by raising borrowing costs to a fresh record high to quell inflation, support the naira and attract investments. Bloomberg News' Ondiro Oganga discusses with Joumanna Bercetche on Horizons Middle East & Africa.
Nigeria's Central Bank Surprises with Rate Hike Amid Inflation Combat
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% in an effort to control persistent inflation. This marks the fifth rate hike this year. Despite a recent dip in inflation,
Nigeria’s central bank raises interest rate to 27.25% amid inflation concerns
Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%. This is the fifth rate hike of the year and reflects the bank’s ongoing battle against inflationary pressures,
BREAKING: In fifth consecutive hike, CBN raises Nigeria’s interest rate to 27.25%
The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, has raised the interest rate by 50 basis points to 27.25 percent, the fifth hike since February 2024. CBN Governor Olayemi Cardoso disclosed this during a press briefing at the end of 297th MPC in Abuja on Tuesday.
Nigeria's central bank surprises with a rate hike to 27.25%
Nigeria's central bank surprised the market by raising its benchmark lending rate to 27.25% from 26.75% on Tuesday, with ...
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AGF denies seizure of Nigeria’s $21m by US court, says only sovereign immunity motion was rejected
Lateef Fagbemi, attorney-general of the federation, has denied the reports that a court in the United States authorised the ...
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Active bank accounts in Nigeria rise to 231.1 million in July 2024—NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in Nigeria rose to 231 ...
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Nigeria No Longer Depends On Ways And Means Nor Central Bank Borrowing For Debt Servicing, Says Finance Minister Edun
Finance Minister Edun has said economic reforms are yielding positive results, with increased government revenues and ...
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Central Bank of Nigeria approves financial support for Unity, Providus banks merger
The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic ...
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Nigeria: Keystone Bank Gets New Chairperson, Non-Executive Directors
In January, the CBN dissolved the boards and management of several major banks, including Keystone Bank, due to non-compliance with key regulatory standards.
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Central Bank Of Nigeria Reintroduces Publication Of Key Economic Reports
The Central Bank of Nigeria (CBN) the apex bank in Nigeria has said it has reintroduced the publication of several key economic reports. According to the apex bank, the move is aimed at ...
Central bank digital currency momentum growing, study shows
A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with ...