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James Emejo in Abuja The Central Bank of Nigeria (CBN), Tuesday resolved to cut the Monetary Policy Rate (MPR) by 350 basis points (bps) to 23 per cent from 26.5
The committee retained the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45 per cent, while Merchant Banks will continue to maintain a CRR of 16 per cent.
CBN has slashed MPR to 23% in major rate cut. NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) from 26.5 per cent to 23 pe...
“It emphasised that the recalibration of the corridor does not constitute a change in the current monetary policy stance, but rather an operational reset to enhance the effectivene...
The Central Bank of Nigeria has reduced its benchmark interest rate from
In a surprise move on Tuesday, the CBN, at the end of its rate-setting meeting, pared down the benchmark rate to 23 per cent from 26.5 per cent, a push Olayemi Cardoso, the bank’s...
[Premium Times] "It emphasised that the recalibration of the corridor does not constitute a change in the current monetary policy stance, but rather an operational reset to enhance...
The think tank said the adjustment could provide relief to businesses, particularly those operating in manufacturing, agriculture, construction and logistics, where high financing...
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with mixed reactions to the Central Bank of Nigeria's three per cent interest rate cut, as the Mo...
By Yinka Kolawole LAGOS — The Lagos Chamber of Commerce and Industry, LCCI, has urged banks to translate the Central Bank of Nigeria’s 350-basis-point reduction in the Monetary Pol...
Omolabake Fasogbon A cut in the Central Bank of Nigeria’s (CBN) monetary policy rate (MPR) usually raises hopes that loans will become cheaper for households and businesses. The ex...
“It took the market by surprise, and markets, as we know, generally don't like surprises,” Mr Cardoso said at the panel discussion themed “How Central Banks Decide—Committee Decisi...
Mr Onakoya, however, said existing contractual agreements could delay the transmission of the lower policy rate to borrowers. The post MPR Cut: Why cheaper loans may not come soon...
The CBN cut the T-bill rate despite N3.63tn demand for the 364-day instrument, signaling investor preference for longer-term returns and potential future r Read More: https://punc...
THE Bank of Zambia has cut its Monetary Policy Rate by 250 basis points to 10.75%, and Governor Denny Kalyalya is urging commercial banks to pass on the benefit to consumers and bu...
The Reserve Bank of Zimbabwe (RBZ) has reduced its Bank policy rate from 30% to 27.5%, effective immediately, in a cautious monetary-easing move to align borrowing costs with infla...
CBN said its previous reforms have improved Nigeria's macroeconomic conditions, and the latest policy reset is intended to strengthen how monetary policy operates without abandonin...
The Chief Executive Officer, Zitra Investments, Mr. Babatunde Obadero in this interview with Kayode Tokede hinted that the Central Bank of Nigeria interest rate cut is expected to...
Hazel Marimbizain Bulawayo THE Reserve Bank of Zimbabwe (RBZ) says interest rates could fall further if the country maintains its current price stability, raising the prospect of c...
Under the new order, interest on tax payable in naira would be charged at the CBN's Monetary Policy Rate plus one percentage point.
• Explains shift in monetary strategy • Lists independent MPC decisions, transparency, consistent communication as drivers of market confidence • Fitch revises outlook on 9 Niger...
On the twelve-month average basis, the NBS said the percentage change in the average Consumer Price Index for the twelve months ending September 2026 stood at 15.80 per cent, repre...
CBN stated that although the outlook for the domestic economy remained positive, external and domestic risks could undermine the moderation in inflation. The post CBN warns Middle...
*Apex bank clarifies MPR reset targets broken link between policy, market rates James Emejo in Abuja and Kayode Tokede in Lagos Following the decision of the Central Bank of Nigeri...
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