Business
BREAKING: CBN retains MPR at 27% to sustain inflation fight
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27 percent, maintaining its tight monetary stance as part of ongoing efforts to rein in inflation and stabilise the foreign exchange market.
The decision was announced at the end of the Monetary Policy Committee (MPC) meeting held in Abuja, where members voted to keep key policy parameters unchanged.
The MPR, which serves as the benchmark interest rate for the economy, has remained elevated as the CBN continues its aggressive measures to curb rising prices and restore investor confidence.
-
News15 hours agoLagos Assembly Begins Review of Auditor General Report On MDAs …As Public Accounts Committee Chairman Says Exercise Not For With-hunting
-
Business16 hours agoPaystack says it fired Ezra Olubi over reputational damage
-
Metro23 hours agoBollywood Star Dharmendra Dies At 89
-
News7 hours agoPolice tighten security in Lagos schools, worship centres
-
Business7 hours agoCBN Proposes Five-Year Ban For Serial Dud Cheque Issuers
-
Metro17 hours agoNigerian student Uche Okirie stabbed to death by neighbour in UK
-
Metro15 hours agoTunde Ayeni Rejects Alleged Out-of-Court Settlement Overture From Adaobi Alagwu
-
News15 hours agoEzekwesili Reveals Real Reason Behind Insecurity, Mass Abductions in Nigeria