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CBN raises interest rate by 25 basis points

CBN raises interest rate by 25 basis points

Cardoso said that the decisions were unanimously adopted by all 12 members of the MPC who were present at the meeting.

26 Nov 2024 9:29 PM IST
Breaking news: CBN further increases interest rate by 50 basis to 27.25%

Breaking news: CBN further increases interest rate by 50 basis to 27.25%

Cardoso announced that the committee also decided to raise the Cash Reserved Ratio (CRR) by 50 basis points from 45 per cent to 50 per cent for Deposit Money Banks (DMBs), while it is 14 per cent to...

24 Sept 2024 7:39 PM IST