Search

Nigeria holds key rate at 27.5% as CBN weighs inflation and external risks

Breaking News
© Allen Dreyfus
  • Central bank pauses after six hikes this year to assess macroeconomic trends
  • Low oil output and global tariff risks cloud growth and budget execution

Abuja, Nigeria – The Central Bank of Nigeria held its benchmark interest rate steady at 27.5% at its second policy meeting of the year, opting to pause after an aggressive round of tightening as officials monitor near-term economic developments.

You need an active subscription to continue reading this article.

Recent Business

Oil drilling rig Photo Marian Lupan @ Unsplash
Gabon courts global investors to revive oil and gas sector
Read More »
Handweaving cotton textiles by Wawoto Kacel. Photo Chris Lutanga & ITC @ Unsplash
Can Africa survive without AGOA as US pulls back?
Read More »
A dusty road in a neighbourhood of Yaounde, Cameroon. Photo by Ariel Nathan Ada @ Unsplash
AfDB, Cameroon sign $160mn loan deal to transform conflict-hit north
Read More »

Recent Politics

storyzangu-hub-r5Cys_qCFrU-unsplash
Kenya’s Gen Z protests spark wave of youth uprisings in Africa
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Barrick CEO Bristow exits after $1bn Mali mine dispute
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Malawi’s Mutharika victory fuels Kenya’s one-term Ruto campaign
Read More »

Latest Posts

Latest news insights