Nigeria keeps benchmark interest rate steady

Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drop
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November
CBN Retains Interest Rate At 27.5% As Inflation Drops After Rebasing
CBN has retained MPR at 27.5% as inflation dropped after rebasing, citing exchange rate stability, food price moderation amid economic improvements.
See more as CBN retains interest rates at 27.5%, 26 banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
JUST IN: CBN retains interest rate at 27.50%, maintains other parameters
Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters.This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja.In this regard,
Legit on MSN2d
CBN governor reveals how he will bring inflation rate down to single digit
The Central Bank of Nigeria has spoken on the strategies it will use to bring the inflation rate down from the 24.48% ...
Nigeria Inflation Slows After Data Rejig, Clouds Rates Path
Nigeria’s annual inflation rate fell in January after the statistics office revised the data used to calculate household ...
TheCable2d
Inflation persists as CBN holds rates: The limits of CPI rebasing
The current inflation trend suggests that monetary policy alone will not solve Nigeria’s inflation problem. The CBN’s ...
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New inflation rate may boost investor confidence but won’t ease cost of living in Nigeria– Expert
The recent Consumer Price Index (CPI) adjustment by the National Bureau of Statistics (NBS) could boost investors’ confidence in the ...
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US Tariffs Threaten Global Inflation, Nigeria at Risk, Warns CBN Governor
The CBN, in its effort to combat inflation, has decided to hold the Monetary Policy Rate (MPR) at 27.50%, the Cash Reserve Ratio (CRR) for Deposit Money Banks at 50%, and for Merchant Banks at 16%, ...
The Punch on MSN14h
Alcohol, tobacco record highest inflation rate
The National Bureau of Statistics has disclosed that alcoholic beverages, tobacco, and narcotics recorded the highest inflation rate at 14.80 per cent, according to its latest rebased Consumer Price ...
Nigeria's central bank keeps main interest rate unchanged
Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision ...
Daily Post Nigeria on MSN2d
Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective ...