CBN’s 23% MPR reset: the market-transmission test investors should watch
The September reset changes the policy corridor, but investors need actual funding and lending data before assuming an across-the-board easing.
How the Fed’s Rate Decision Impacts the Naira and the Nigerian Economy
How the Fed’s Rate Decision Impacts the Nigerian Naira and Economy The U.S. Federal Reserve’s recent decision to reduce its benchmark interest rate by 25 basis points to 4.50%, while…
Nigeria Raises Interest Rate to 27.50% Amid Inflationary Pressures
November 26, 2024 – The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50%, marking a 25 basis point rise from the previous rate of…
CBN Raises Monetary Policy Rate to 26.75% Amid Rising Inflation Concerns
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points to 26.75%, continuing its aggressive tightening measures to combat soaring inflation. This marks…