Tag: Interest rate

The apex bank said the increase in gross reserves is driven largely by crude oil-related tax receipts and third-party inflows ...

"The committee's decision was premised on a balanced evaluation of risks to the outlook, which suggests that the ongoing disinflation ...

The MPC also adjusted the standing facilities corridor to improve the efficiency of the interbank market and strengthen monetary policy ...

Revenue rose to N1.7 trillion from N1.4 trillion, the largest chunk coming from its commercial banking division, according to its ...

The unanimous decision was influenced by recent macroeconomic developments, which it noted with satisfaction.

Mr Cardoso explained that CBN anticipated the price increase and used the interest rate hike to cushion its inflationary impact.

Gross earnings for FCMB Group climbed to N374.5 billion, 57.2 per cent up from what was recorded a year ago.

The committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the ...

Fidelity Bank’s gross earnings for the period rose roughly by 60 per cent to N247.1 billion.

The CBN's MPC also voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR

The CBN should resist the temptation to further increase the Monetary Policy Rate, some experts warned.

Naira plummeted to N735/$1 at the black market on Thursday, a 2.8 per cent devaluation from N715.00 it exchanged hands ...

According to the revised calendar, the DMO is scheduled to raise about N720 billion through some re-opened Federal Government of ...

Headline inflation rose to 31.7 per cent in July, from 29.8 percent in June, the 11th consecutive month of increase.

In the midst of the global hike, the nation faces a dicey situation amid efforts to contain inflation, keep domestic ...

The 150 basis point hike is significant as Nigeria battles rising inflation.

The U.S. Federal Reserve's decision on Wednesday, the biggest in 22 years, is expected to reverberate around the globe and ...

The MPR, the rate the CBN lends to commercial banks, has remained unchanged at 14 per cent for 30 consecutive ...

The bank has kept the MPC key rate at 14 percent since 2016 in a bid to prop up the ...

The MPC retained the interest rate at 14 per cent.

"Despite all these negative indices, banks continue to declare huge earnings,” a lawmaker said.

Inflation reached 16.5 per cent in June.