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JUST IN: CBN Raises Interest Rate 24 75 Percent

JUST IN: CBN Raises Interest Rate 24 75 Percent
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Abuja federal capital territoryYemi cardosoMonetary policy committee of the central bankMonetary policy committeeCentral bank

Raising lending rates may not tame inflation

THE decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent, has elicited mixed reactions. Although some welcome the move, many financial experts argue that it will compound the woes of the already impoverished citizens.

Abuja federal capital territoryOlayemi cardosoBola tinubuFolashodun shonubiMonetary policy committee of the central bankMonetary policy committeeCentral bankMonetary policy ratePresident bola tinubu

JPMorgan expects further rate hikes by CBE amid rising inflation

JPMorgan expects further rate hikes by CBE amid rising inflation
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Nigeria: Mixed Reactions Trail CBN s Monetary Policy Decisions

Nigeria: Mixed Reactions Trail CBN s Monetary Policy Decisions
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West Africa: Nigeria in Search of Our Marshall Plan

West Africa: Nigeria in Search of Our Marshall Plan
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