Monetary Policy Rate

Business

After CBN’s 350bp Rate Cut, Where will the Liquidity Flow?

Ogochukwu Onwaeze, THEWILL -
The average maximum lending rate in the banking sector fell to 29.19 percent in August from 33.16 percent in July, according to Central Bank of Nigeria (CBN) data.
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

SportsTaiwo Ibrahim, THEWILL -

Chelle Invites 24 Players For Nations Cup Qualifiers Against Tanzania

Super Eagles coach, Éric Chelle, has invited the team's captain, Wilfred Ndidi, Ademola Lookman, Akor Adams, Alex Iwobi and 20 other players to prosecute the 2027 Africa Cup of Nations qualifying matches against Tanzania’s Taifa Stars this month.
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