Nigerian stock market drops N209bn After Rate Hike
The Nigerian stock market saw a sharp drop in value on Wednesday, shedding N209 billion in market capitalisation following the ...
Tag: Interest rate hike
CBN raises interest rate to 27.50%
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 25 basis points, ...
CBN likely to raise Interest Rates as Inflation hits 33.9%
Nigerian central bankers, buoyed by stronger-than-expected third-quarter economic growth, are expected to continue their tightening cycle in a bid to ...
CBN hikes Interest Rate by 50 basis points
The Central Bank of Nigeria (CBN) has increased its interest rate by 50 basis points, moving from 26.25% to 26.75%. ...
Naira Steady as CBN Rate Decision Looms
In Nigeria's unofficial market, the naira holds steady around a critical support level, with analysts eyeing a potential interest rate ...
