•CBN Governor, Yemi Cardoso and CBN logo The Central Bank of Nigeria has cut the interest rate by 50 basis points to 26.50 percent from 27 percent. Nigeria’s apex bank announced this during its 304th Monetary Policy Committee (MPC) meeting held in Abuja today, reports Channels TV. The CBN Governor, Olayemi Cardoso, said all members […]...
•New five pound polymer banknotes featuring a portrait of Britain’s King Charles III that entered circulation by mid-2024 The Bank of England cut its key interest rate to 3.75 per cent today after UK inflation eased faster than expected and as the economy weakens. “We’ve passed the recent peak in inflation, and it has continued […]...
•CBN Governor Yemi Cardoso The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate at 27 per cent. The CBN governor, Olayemi Cardoso, announced this at a press conference during the Committee’s 303rd meeting in Abuja, reports Channels TV. The MPR serves as the baseline interest rate [&...
•Central Bank of Nigeria (CBN) The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate to 27 per cent from 27.5 per cent in July. It also reduced the cash reserve requirement to 45 percent for commercial banks and 16 percent for merchant banks. The Committee has also introduced a 75 percent […]
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters. The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja today, reports Channels TV. The apex bank’s MPC held its 301 meeting on July 21st […]
•CBN Governor, Olayemi Cardoso The Central Bank of Nigeria’s Monetary Policy Committee has retained all economic parameters from the first quarter, including the interest rate at 27.50 per cent The announcement was made by the CBN Governor, Olayemi Cardoso, after the committee’s meeting held yesterday and today, reports Channels TV. The commit...
The Nigerian Exchange Limited, NGX closed last week lower as the stock market reacted negatively to the latest interest rate increase by the Central Bank of Nigeria, CBN. Last week, the Monetary Policy Committee, MPC of the apex bank raised the benchmark interest rate, the Monetary Policy Rate, MPR, by 25 basis points to 27.5 […]
Yesterday’s hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) has raised serious concerns for borrowers, businesses, and pensioners, as the gap between interest rates and inflation has widened to a significant 5.88 percent, intensifying the strain on households and businesses while posing a considerable threat to the ...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combat surging inflation. This followed the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), reports Channels TV. The monetary […]
•The Bank of England The Bank of England today said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions. As widely expected, the BoE trimmed borrowing costs by 25 basis points to 4.75 percent at a regular policy meeting, its second reduction since August, reports AFP. […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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