Monetary Policy Rate

Business

CBN’s 350-Basis-Point Rate Cut: What It Means For Nigeria’s Economy

Ogochukwu Onwaeze, THEWILL -
The Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points has opened a new phase in monetary policy, with economists divided over how quickly the reduction will translate into cheaper credit and stronger economic activity.
Business

JUST IN: CBN Hikes Interest Rate To 22.75%

Sam Diala, THEWILL -
February 27, (THEWILL) - The Central Bank of Nigeria, CBN, has raised the monetary policy rate (MPR) to 22.75 percent. This represents 400 basis points increase from the 18.75 percent benchmark it has been since September 2023 The announcement was made...
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Latest News

HeadlineFelix Ifijeh, THEWILL -

Africa’s Exclusion From Security Council Permanent Seat Unjust, Indefensible – Guterres Rips 80-Year-Old UN Power Structure

United Nations Secretary-General, António Guterres, has launched a fresh and forceful challenge to the 80-year-old global power structure, demanding reform of the UN Security Council and declaring Africa’s continued exclusion from permanent membership “unjust and indefensible”.
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