Restructuring: CBN Sacks 200 Members of Staff

JUST IN ! CBN Raises interest Rate

Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to from 18.75% to 22.75%. The apex bank Governor, Yemi Cardoso. announced this after the first Monetary Policy Committee (MPC) meeting for the year in Abuja on Tuesday. The governor added that the MPC also raised the Cash […]

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JUST IN ! CBN Increases Interest Rate after Many Years

The Central Bank of Nigeria (CBN) has announced the increase of the interest rate to 13.5% for the first time in many years. The new rate was announced by the CBN Governor, Godwin Emefiele, on Tuesday He disclosed the increase while addressing newsmen after the Monetary Policy Committee (MPC) meeting in Abuja. The interest rate […]

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