interest rate

Brand owners, manufacturers, and consumers in Nigeria will face a higher cost of sourcing funds as the Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) to 18.5 per cent. This decision was announced on…

The monetary policy committee of the Central Bank of Nigeria has voted to raise its monetary policy rate (MPR) to 18% from 17.5%, representing a 50 basis points increase. This was announced by the governor of the central bank,…

Bank customers in Nigeria will now be paid more interest on their savings as the Central Bank of Nigeria (CBN) has reviewed upward minimum interest payable from 10 per cent to 30 per cent of the Monetary Policy Rate (MPR). By the…