MPR – Pensioners FM

CBN Raises Interest Rate to 26.25%

News Room2 years ago2 years ago01 mins

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which benchmarks interest rates, from 24.75 percent to 26.25 percent. On May 15, Nigeria’s inflation rate rose to 33.69 percent amid the surge in food prices. The MPR is the baseline interest rate in an economy, which banks use…

Analysts Fault CBN’S MPR Hike to 24.75%

News Room2 years ago2 years ago01 mins

By Micheal Adeyemo Two Public Affairs Analysts, Mr Wale Akintola and Honourable Femi Adebisi, say Nigeria has to become a producing nation for economic policies to thrive in the country. Mr Akintola and Honourable Adebisi made this known while reacting to the recent increase in the Monetary Policy Rate by the Central Bank of Nigeria,…