MPC: CBN Holds Monetary Policy Rate Steady At 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting, which recorded the attendance…
CBN Keeps Interest Rate Steady at 27.5%
The Central Bank of Nigeria’s Monetary Policy Committee has retained all economic parameters from the first quarter, including the interest rate at 27.50 per cent. The announcement was made by…
CBN Raises Over N1tn At OMO Auction
The Central Bank of Nigeria (CBN) has raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held on Friday. The development followed an overwhelming investor demand…
Nigeria Spent $5.47 Billion on Foreign Debt Service in 14 Months- CBN
The Central Bank of Nigeria (CBN) has disclosed that foreign debt service gulped about $5.47 billion between January 2024 and February 2025, further indicating the increasing burden on the nation’s…
Lawmakers Urge CBN to Halt Increase in ATM Charges
Following a motion of urgent public importance, the House of Representatives has passed a resolution calling for the suspension of the increase in Automated Teller Machine (ATM) transaction charges and…