Nigeria, central bank
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 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,
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 governor Olayemi Cardoso adding that the decision of the monetary policy committee (MPC) was unanimous.
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 Set to Pause Two-Year Tightening Cycle as Inflation Cools
Nigeria’s monetary policymakers are expected to cautiously loosen their grip on a more than two-year tightening cycle on ...
LEADERSHIP Newspaper58m
UNGA: Nigeria Solicits Finland’s Support For UN Permanent Seat
Nigeria has solicited the support of Finland in its pursuit of a permanent seat at the United Nations (UN) Security Council.
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Nigeria’s Unemployment Rate Increased To 5.3% In Q1 2024 – NBS
Nigerians continue to lament over economic hardship, the National Bureau of Statistics, said that the country's unemployment ...
Dangote Says Time for Nigeria to End Fuel Subsidy, Boost Naira
Nigerian billionaire Aliko Dangote said the “time is right” for the West African nation to end a decades-long subsidy on fuel ...
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Nigeria's flood survivors say they're being told to go home
STORY: At a displacement camp in Nigeria's Maiduguri, flood survivors are being given bags of rice and cartons of pasta.
The Africa Report10h
Nigeria: Judge recuses herself from trial of Biafra separatist leader Nnamdi Kanu
Justice Binta Nyako said she will step down from Nnamdi Kanu’s case and return the file to the chief judge “for further ...
IJNet1d
WhatsApp's threat to exit Nigeria and its consequences for journalists
After Nigeria’s consumer protection agency, the Federal Competition and Consumer Protection Commission (FCCPC), issued a $220 ...
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EU Provides $1.2mln in Aid to Flood Victims in Nigeria
Nigeria is currently facing devastating floods that have affected several regions. The floods have caused numerous casualties, significant property damage, and displaced millions of people. The ...
Nigeria Ruling Party Wins Key Swing State Election
Nigeria's ruling party has won an election for governor in southern Edo state, the electoral commission said, in what President Bola Tinubu's office said showed support for his economic reforms.
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Nigeria’s external reserves hit $39.07 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024. This is according to ...