interest rate hike Archives

Tinubu: CBN’s interest rate too high | I will review naira redesign policy

President Bola Tinubu says the current 18.5 percent interest rate of the Central Bank of Nigeria (CBN) is “too high”. He spoke on Monday during his inaugural speech as president. Last week,

‘Nigerians will start paying higher prices’ — manufacturers speak on CBN’s interest rate hike

The Manufacturers Association of Nigeria (MAN) says the latest interest rate increase by the Central Bank of Nigeria (CBN) will worsen the imminent recession in the manufacturing sector and negatively

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EXPLAINER: This is how the new interest rate hike will affect you

On Tuesday, the monetary policy committee of the Central Bank of Nigeria (CBN) voted to raise the monetary policy rate (MPR) to 13 per cent to curb rising inflation. The

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