URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Edo Guber: Your Neutrality is Needed-Jonathan Appeal to INEC, Security-Personnel
    September 20, 2024
    Despite What Some Think, Some Politicians Not Motivated By Money While In Office-Dogara
    September 27, 2024
    At Some Point, I knelt Down For Peace To Reign In Rivers-Fubara
    October 7, 2024
    Latest News
    Northern APC President Tinubu Enjoys Strong Support
    August 8, 2025
    Concerns As Sowore Honours Police Summon, Says ‘I’m going There With Full House
    August 6, 2025
    Four-Year Term Remains Sacrosanct, PDP Chieftain, Ulasi Says Obi is Honest
    August 5, 2025
    Falana Berates Those Involved In 2027  Campaigns, Says Action Premature, Illegal
    August 5, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Just In-CBN Raises Nigeria Interest Rate
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Business > Just In-CBN Raises Nigeria Interest Rate
Business

Just In-CBN Raises Nigeria Interest Rate

urbanexpresslive
Last updated: November 26, 2024 2:22 pm
urbanexpresslive
Share
1 Min Read
SHARE

Taiwo Popoola

The Central Bank of Nigeria’s Monetary Policy Committee has raised the country’s interest rate by 25 basis points to 27.50 percent in November from 27.25 percent in September 2024.

The Governor of CBN, Olayemi Cardoso, disclosed this during a press conference on Tuesday after the 298th MPC meeting in Abuja.

“The Committee was unanimous in its agreement to raise the monetary policy rate by 25 basis points to 27.50 percent,” he said.

According to him, the decision to raise the country’s monetary policy rate is to tackle inflation, which stood at 33.87 percent in October 2024.

DAILY POST reports that this is the sixth time the apex bank has raised the interest rate since February 2024.

He also announced that the Cash Reserve Ratio (CRR) was retained at 50 basis points.

In addition, the committee retains the liquidity ratio (LR) at 30 per cent and the asymmetric corridor at +500/-100 basis points around the MPR.

Similarly, other monetary policy decisions were retained.

Recall that in September, it raised the country’s interest rate by 50 Basis Point 27,25 Percent

You Might Also Like

How Stock Market In Nigeria Records Fourth Decline As Investors At NGX Count Losses

Domestic Price In Nigeria has Remain High in 2024, 2025 Fiscal Year-CBN

Idahosa, LCCI President To Dangote; You Don’t Have Business In Petrol Price

How Nigeria’s Money Supply Increased By 65% To N107.1tn In August-CBN

Rising Inflation-World Bank, IMF Hints On What CBN Must Do To Win

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Reps Passes Resolution To Remove CCT Charman, Danladi
Next Article Yahaya Bello Present Self To EFCC
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Northern APC President Tinubu Enjoys Strong Support
Discover Politics August 8, 2025
Adeyanju: Only Jonathan Can Defeat Tinubu-Says Peter Obi Used Church To Get 6m Votes
Urban Sports August 8, 2025
Transfer: What Garnacho Agrees Regarding Deal With Chelsea
Urban Sports August 8, 2025
No Alcohol, Nightlife For You In Saudi Arabia-Al Nassr Boss, Jesus Tells Felix
Urban Sports August 8, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account