Rate Archives -

CBN Maintains Lending Rate At 27.5%

Kingsley Chukwu1 week ago01 mins

The Central Bank of Nigeria (CBN) has, once again, kept its key lending rate, known as the Monetary Policy Rate (MPR), at 27.5 per cent. The Governor of CBN, Yemi Cardoso, announced the decision on Tuesday in Abuja, following the 301st Monetary Policy Committee (MPC) meeting. Cardoso said that all 12 MPC members voted unanimously…

Nigeria Sees Inflation Relief In May As Headline Rate Drops To 22.97%

Kingsley Chukwu1 month ago03 mins

Nigeria’s inflation rate showed a welcome deceleration in May 2025, easing to 22.97% year-on-year, marking the second consecutive month of relief for the country’s strained consumers. The National Bureau of Statistics (NBS) revealed this in its latest inflation report, released Monday, noting that the inflation rate fell by 0.74 percentage points from April’s 23.71%. On…