News

JUST IN: CBN Increases Interest Rate To 22.75%

Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has raised the Monetary Policy Rate(MPR) by four hundred basis points to 22.75 percent from 18.75 percent.

Gatekeepers News reports that Governor of the CBN Yemi Cardoso announced this after the first MPC meeting for the year in Abuja on Tuesday.

The MPC also raised the Cash Reserve Ratio(CRR) to forty-five percent while the liquidity ratio was left unchanged at thirty percent.

 

This is a developing story…

 

Gift NOBEI

Recent Posts

Newspaper Headlines: Five Things You Need To Know This Morning

Newspaper Headlines: Five Things You Need To Know This Morning Dollar To Naira Exchange Rate…

3 hours ago

Dollar To Naira Exchange Rate For Today 19 May 2024

Find below, the Dollar to Naira exchange rate for today, 19 May 2024. Gatekeepers News has obtained…

5 hours ago

Recruitment: Apply For One Acre Fund Recruitment 2024

Recruitment, apply for One Acre Fund recruitment 2024 below. Gatekeepers News reports that One Acre Fund supplies…

6 hours ago

Recruitment: Apply For Interswitch Recruitment 2024

Recruitment, apply for Interswitch recruitment 2024 below. Gatekeepers News reports that Interswitch is an Africa-focused integrated digital payments…

6 hours ago

Recruitment: Apply For Nigerian Red Cross Society Recruitment 2024

Recruitment, apply for Nigerian Red Cross Society (NRCS) recruitment 2024 below. Gatekeepers News reports that the Nigerian Red…

7 hours ago

Recruitment: Apply For US Consulate General Recruitment 2024

Recruitment, apply for US Consulate General recruitment 2024 below. Gatekeepers News reports that the U.S. Mission to Nigeria…

7 hours ago