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.
Iorfa Akpen Benue State Governor, Rev. Fr. Hyacinth Iormem Alia, on Wednesday, June 3, 2026,…
Iorfa Akpen Governor Hyacinth Alia stepped onto the stage in Makurdi today and made it…
Four people have reportedly been kidnapped while one vigilante member killed during an attack by…
Hanny Henry The North-East Development Commission (NEDC) has distributed food items to orphans and vulnerable…
Hanny Henry The Adamawa State Police Command has confirmed the death of six persons, including…
A wave of grief has swept through a church community in Kwara State following the…
This website uses cookies.