Search

Nigeria’s Central Bank Raises Benchmark Rate To 26.75%

  • Fourth rate hike this year aims to combat persistent inflation
  • Economic growth forecast more optimistic than IMF’s projection

Abuja, Nigeria – The Central Bank of Nigeria (CBN) raised its benchmark interest rate for the fourth time this year to a record high of 26.75%, citing persistent inflationary pressures.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
Read More »
generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights