CBN Governor, Olayemi Cardoso
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 per cent.
CBN Governor Olayemi Cardoso announced this in Abuja on Tuesday, May 20, 2025, following the Monetary Policy Committee (MPC) meeting.
Cardoso said all 12 MPC members voted unanimously to retain the policy.
Oil prices fall to $65.48/barrel
The committee retained the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and 16 per cent for Merchant Banks.
The Liquidity Ratio remains at 30 per cent, and the Asymmetric Corridor was held at +500/-100 basis points around the MPR.
Since February 2024, the MPC under Cardoso had raised the MPR from 18.5 per cent to 27.5 per cent before opting to pause rate hikes with this latest decision.
United States President Donald Trump has banned CNN, MSNOW, and Politico from the White House…
An international counter-terrorism operation involving Nigeria has identified 126 suspected foreign terrorist fighters after authorities…
The Federal Government and the Central Bank of Nigeria have signed a Memorandum of Understanding…
The House of Representatives has opened an investigation into the prolonged exclusion of more than…
A survivor of the Niger State detention tragedy has alleged that an unidentified substance was…
The troops of the Nigerian Navy, under Operation DELTA SENTINEL, have recovered 119,850 litres of…
This website uses cookies.