SpyLoaded Forum







News





Post reply

Note: this post will not display until it's been approved by a moderator.

Name:
Email:
Subject:
Message icon:
Verification:
"5 eggs" Multiply By "4 eggs" Is what ?:

shortcuts: hit alt+s to submit/post or alt+p to preview


Topic Summary

Posted by: Rajih
« on: May 21, 2024, 03:35:56 PM »



The Central Bank of Nigeria Monetary Policy Committee has raised interest rates by 150 basis points to 26.25 per cent from 24.75 per cent in March to tackle rising inflation.

CBN Governor, Olayemi Cardoso disclosed this on Tuesday at the 295th MPC press briefing in Abuja.

The apex boss said the decision to raise the interest rate was to tame the country’s soaring headline inflation which increased to 33.69 per cent in April.


CBN had continued tightening of monetary instruments to bring down inflation.

The 295th MPC meeting is the third since the appointment of Cardoso in September last year.

In May 2023, Nigeria’s interest rate stood at 18.75 per cent.
Skye Bank Neither Distressed, Liquidated, CBN Insists

Started by Yakub Oloyede

 Replies: 0
Views: 3448
CBN Prohibits 9 Banks From All Forex Transactions

Started by Miss Ifeoluwa

 Replies: 0
Views: 2820
MMM Is A Fraud, Don’t Patronize It – CBN Warns Nigerians

Started by Miss Ifeoluwa

 Replies: 0
Views: 5237
MMM: CBN denies approving scheme

Started by Supervisor

 Replies: 0
Views: 4802
MMM ignores EFCC, CBN warnings - See The New MMM Branded Shirt

Started by Miss Ifeoluwa

 Replies: 0
Views: 5214

* Recent Topics

Close
SimplePortal 2.3.6 © 2008-2014, SimplePortal