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Nigeria central bank hikes policy rate again after inflation uptick
Nigeria's central bank raised its key interest rate for the sixth time this year on Tuesday, citing renewed inflationary and exchange rate pressures in Africa's most populous nation. The decision to raise the Monetary Policy Rate by 25 basis points to 27.
Nigeria Raises Interest Rates Again to Curb Surging Inflation
The Central Bank of Nigeria raised interest rates for the sixth straight time this year, intensifying its quest to curb surging inflation and support the battered naira.
BREAKING: CBN raises Nigeria’s interest rate
The Central Bank of Nigeria’s Monetary Policy Committee has raised the country’s interest rate by 25 basis points to 27.50 percent in November from 27.25 percent in September 2024. The Governor of CBN,
Nigeria's central bank delivers sixth rate hike this year
Nigeria's central bank raised its benchmark lending rate by 25 basis points to 27.50% on Tuesday, citing renewed inflationary pressures in Africa's most populous nation.
CBN reacts as Nigerian banks hike customers' charges
The CBN responded to complaints over arbitrary bank charges by advising clients to check the CBN's bank charges handbook to find out legal fee for each transaction.
Daily Post Nigeria on MSN
3h
Nigeria, China can exceed current $13 billion trade volume annually – Speaker, Abbas
The Speaker of the House of Representatives, Abbas Tajudeen, has said Nigeria and China should work towards exceeding the ...
Nairametrics
2h
Nigeria Customs returns 21 stolen exotic cars worth over N1.8 billion to Canadian government
The Nigerian Customs Service (NCS) has transferred 21 stolen exotic cars, valued at over N1.8 billion, to the Canadian ...
AllAfrica.com
59m
Nigeria: Lack of Unity Nigeria's Greatest Problem - Jonathan
Former President Goodluck Jonathan has said the greatest problem confronting Nigeria from a political perspective is its lack of unity, adding that genuine development will remain elusive until this ...
Daily Post Nigeria on MSN
56m
Unongo demise a loss to Benue, Nigeria – ACF
The Pan-Northern socio-political organization, Arewa Consultative Forum (ACF), has described the late former Minister of ...
Vanguard
2h
Energy Transition: NEITI warns of significant impact on Nigeria’s oil revenue
The Nigeria Extractive Industries Transparency Initiative, NEITI, on Tuesday, cautioned that the global push for transition ...
1d
on MSN
Nigeria growth picks up in third quarter, fuelled by services
Nigeria's economy grew 3.46% year-on-year in the third quarter of 2024, quicker than in the first two quarters of the year, ...
1d
Resurgent Services Sector Propels Nigeria’s Economic Growth
The sector is expected to receive a further boost from the start of gasoline production at Nigerian billionaire Aliko Dangote ...
2d
on MSN
Nigeria turns to natural gas as transport prices soar after petrol subsidies were removed
Nigeria faces its worst cost-of-living crisis in a generation after the government ended costly subsidies that made petrol ...
6d
At Least 50 Boko Haram Insurgents Killed in Nigeria After Ambush Convoy
Babawale Afolabi, a spokesperson for the Nigeria Security and Civil Defence Corps, said late Tuesday that a team of 80 ...
LEADERSHIP Newspaper
4h
Hydrogen: Nigeria Positions To Tap Share Of $200bn Global Market Value
The country’s abundant renewable energy resources, particularly solar and wind, are seen as key assets in this transition.
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