By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: CBN increases interest rate to 18%
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > CBN increases interest rate to 18%
News

CBN increases interest rate to 18%

Godson
Last updated: March 22, 2023 1:50 am
Godson
Published: March 22, 2023
Share
SHARE

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18 percent.

CBN Governor, Godwin Emefiele, made the announcement on Tuesday, March 21, while reading the communiqué of the second MPC meeting.

He said the committee also pegged the liquidity ratio at thirty percent. The tightening of the rate according to the apex bank governor is expected to curtail inflation currently put at twenty-one percent.

This is the second time the apex bank will be raising the benchmark rate this year.

You Might Also Like

Judge gives Biden administration a week to decide on release of Prince Harry’s visa records
Police confirm death of one person at Jigawa APC rally
It is a lie. I am not owing any core civil servant salary – Gov Ikpeazu says
APC vice chair demands Adamu, Omisore’s resignation
Drama As Governor Buni Escapes Thug Attack At APC Rally In Yobe

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Actress Iyabo Ojo’s office gutted by fire (video)
  • Nicki Minaj reacts as judge rules harassment lawsuit against Megan Thee Stallion will proceed
  • UAE introduces new visa conditions on Nigerians, bans transit visa
  • Davido, Wizkid collaboration would’ve made Afrobeats bigger – Asa Asika [VIDEO]
  • Nicki Minaj calls out Jay-Z over alleged $200 million debt

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?