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Tag "interest rates"

CBN makes first MPC decision under Tinubu, hikes interest rate to 18.75%

    CBN makes first MPC decision under Tinubu, hikes interest rate to 18.75%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 18.5 percent to 18.75 percent. CBN’s decision

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Bank of England hikes interest rates to 4.25% — highest in 14 years

    Bank of England hikes interest rates to 4.25% — highest in 14 years

The Bank of England (BoE) has raised its interest rates from 4 percent to 4.25 percent in order to combat inflation. The rate is the highest recorded since October 2008.

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US increases interest rates by 25 basis points, says more hikes to come

    US increases interest rates by 25 basis points, says more hikes to come

The United States Federal Reserve (Fed), on Wednesday, raised its benchmark interest rate by 25 basis points to a target range of 4.5 percent to 4.75 percent. This is the

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Oil price falls below $80 a barrel as central banks hike interest rates

    Oil price falls below $80 a barrel as central banks hike interest rates

Oil prices, on Friday, fell as the market assessed the aftermath of interest rate hikes at central banks. Brent crude futures fell 2.28 percent to $78.87 per barrel while West

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CBN extends interest rate cut on intervention facilities by 12 months

  CBN extends interest rate cut on intervention facilities by 12 months

The Central Bank of Nigeria (CBN) has announced an extension period for its reduced interest rates on intervention facilities to

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Clamp down on portfolio investment firms: failure of regulation?

  Clamp down on portfolio investment firms: failure of regulation?

Financial markets thrive on public confidence and that is why regulatory actions need to be weighed and counter checked and

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Cost of loans to reduce as CBN MPC cuts benchmark interest rate to 11.5%

  Cost of loans to reduce as CBN MPC cuts benchmark interest rate to 11.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) has announced that the monetary policy rate (MPR), which

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Obasanjo urges banks to lower interest rates for farmers

  Obasanjo urges banks to lower interest rates for farmers

Ex-president Olusegun Obasanjo has urged commercial banks to lower interest rates for farmers to enable them to access loans for

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Adeosun, manufacturers want CBN to cut interest rate

  Adeosun, manufacturers want CBN to cut interest rate

Kemi Adeosun, minister of finance, says she wants the Central Bank of Nigeria (CBN) to lower interest rates, in a

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ANALYSIS: Expect higher rates as MPC meets

  ANALYSIS: Expect higher rates as MPC meets

Whichever way it ends, the Monetary Policy Committee (MPC)’s meeting on Monday portends higher costs of living for Nigerians. The meeting

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