CBN raises Interest Rate to 26.25% amid rising Inflation levels

CBN raises Interest Rate to 26.25% amid rising Inflation levels

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate for the third straight time by 150 basis points from 24.75 per cent to 26. 25 per cent.  The CBN Governor Yemi Cardoso who is also the Monetary Policy Committee (MPC) chairman said the committee at its 295th meeting retained the Cash Reserve […]

NBS-Nigeria’s inflation rate rose to 33.69%

NBS-Nigeria’s inflation rate rose to 33.69%

The National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released yesterday shows Nigeria’s inflation rate rose to 33.69% in April 2024 compared to March 2024 headline inflation rate which was 33.20%. A cursory look at the movement, the April 2024 headline inflation rate showed an increase of 0.49% points when compared to the […]