Friday, August 19, 2022
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Tag "CBN interest rate"

Bank customers to earn more as CBN increases interest on savings deposits to 4.2%

    Bank customers to earn more as CBN increases interest on savings deposits to 4.2%

The Central Bank of Nigeria (CBN) has directed banks to increase the minimum interest rate payable on savings deposits from 10 percent to 30 percent of the monetary policy rate

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CBN raises interest rate to 14% — second consecutive time in 2022

    CBN raises interest rate to 14% — second consecutive time in 2022

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 13 percent to 14 percent to tame rising inflation.

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CBN raises interest rate to 13% — first time in over five years

    CBN raises interest rate to 13% — first time in over five years

The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which measures interest rate, to 13 per cent to tame rising

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‘Rising food prices will moderate on deliberate actions’ — CBN leaves benchmark interest rate at 11.5%

    ‘Rising food prices will moderate on deliberate actions’ — CBN leaves benchmark interest rate at 11.5%

The policy-setting committee of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The monetary policy rate (MPR) is

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CBN’s retention of 12% interest rate ‘hawkish’

  CBN’s retention of 12% interest rate ‘hawkish’

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) was split in its decision to retain monetary interest rates at

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