The Central Bank of Nigeria (CBN) has retained the interest rate at 27.50 per cent.
This was after the Monetary Policy Committee (MPC) of the CBN on Thursday, February 20, 2025, voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at 27.50 per cent.
The MPC took the decision at the end of its 299th meeting and the first for 2025.
The committee also voted to retain the Cash Reserve Ratio (CRR) at 50 per cent for Deposit Money Banks and 16 per cent for Merchant Banks.
The MPC equally retained the Liquidity Ratio (LR) at 30 per cent and the Asymmetric Corridor at +500/-100 basis points around the MPR.
A Federal High Court in Lagos has ordered the continued detention of social media influencer…
The Enugu State Government has suspended the traditional ruler of Ibagwa Opi Ogbozalla Autonomous Community…
A businessman, Ikechukwu Chikelum, has told a Federal High Court in Abuja that he invested…
A young man from Kebbi State who began training to become a pilot has turned…
Abia State Governor Alex Otti has given a detailed account of his journey into politics,…
Iran has presented the United States with a plan to reopen the Strait of Hormuz,…
This website uses cookies.