• About
  • Advertise
  • Contact
Tuesday, July 15, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

CBN Hikes Interest Rate From 26.75pct To 27.25pct

Vital News by Vital News
September 24, 2024
in Economy, National
0
CBN Hikes Interest Rate From 26.75pct To 27.25pct
Share on FacebookShare on Twitter

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) from 26.75 per cent to 27.25 per cent.

The decision was announced by CBN Governor Olayemi Cardoso during a press conference following the committee’s 297th meeting held in Abuja on Tuesday.

Cardoso stated that the rate hike aims to strengthen efforts in controlling inflationary pressures in the economy.

This adjustment reflects the CBN’s ongoing commitment to maintaining economic stability amidst challenging financial conditions.

Highlights of the meeting are :
*Central Bank of Nigeria (CBN) 297th Monetary Policy Committee (MPC) Meeting Outcome – 24/September/2024:*

RelatedStories

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari

FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari

Africans In Position To Develop Africa, Dangote Tells Global CEOs

Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages

* Monetary Policy Rate (MPR) raised by 50 basis points from 26.75% to 27.25%.

*Cash Reserve Ratio (CRR) raised by 500bps and 200bps from 45.00% to 50.00% for DMBs; and from 14.00% to 16.00% for Merchant Banks respectively.

*Liquidity Ratio (LR) left unchanged at 30.0%.

* Asymmetric Corridor retained +500/-100 basis points around the MPR.”   (vitalnewsngr.com)

Tags: CBNhikeinterestrate
Previous Post

Can A Muslim Man Marry More Wives If He’s Married Under The Marriage Act Or To A Christian? By Victor E

Next Post

Labour Party Commends INEC Over Free, Fair, Credible Edo Guber Poll, Says Obi Intellectually Dubious, Dishonest To Condemn Outcome

Vital News

Vital News

RelatedStories

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari
National

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari

July 14, 2025
Former President Muhammadu Buhari Dies In London At 82
National

FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari

July 14, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Business

Africans In Position To Develop Africa, Dangote Tells Global CEOs

July 14, 2025
Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages
Agriculture/ Water/ Mineral

Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages

July 14, 2025
Awujale Of Ijebuland, Oba Sikiru Kayode Adetona Joins His Ancestors, Governor Abiodun Mourns
Culture

Awujale Of Ijebuland, Oba Sikiru Kayode Adetona Joins His Ancestors, Governor Abiodun Mourns

July 13, 2025
Next Post
Labour Party Condemns NLC Over Secretariat Invasion

Labour Party Commends INEC Over Free, Fair, Credible Edo Guber Poll, Says Obi Intellectually Dubious, Dishonest To Condemn Outcome

Police Ban Sanusi, Ado Bayero From Conducting Durbar Activities During Eid -el-kabir

5 Police Officers Killed, 11 Others Injured In Kano Road Crash

Flood : NAFDAC Confiscates Contaminated Drugs, Foods Worth N5bln in Borno

Flood : NAFDAC Confiscates Contaminated Drugs, Foods Worth N5bln in Borno

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

62 Female Prisoners Awaiting Execution In Nigeria – CGC

62 Female Prisoners Awaiting Execution In Nigeria – CGC

3 years ago
Tinubu Returns To Nigeria For May 29 Inauguration As President

Tinubu Returns To Nigeria For May 29 Inauguration As President

2 years ago

FAAC shares N699.824 billion to FG, States , LGs

3 years ago
Ogun Awards Scholarships To Children Of Late Director of Finance, Provides New Accommodation For Family

Ogun Awards Scholarships To Children Of Late Director of Finance, Provides New Accommodation For Family

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Africans In Position To Develop Africa, Dangote Tells Global CEOs

Former President Muhammadu Buhari For Burial In Daura Tuesday, July 15, Gov. Radda Announces

Late Awujale Of Ijebuland, Oba Sikiru Kayode Adetona For burial Today

Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages

Awujale Of Ijebuland, Oba Sikiru Kayode Adetona Joins His Ancestors, Governor Abiodun Mourns

2027 : Anglican Church Warns Politicians, Top Government Officials Against Using Its Pulpit For Propaganda

Trending

Osinbajo, Abiodun, Sanwo-Olu, Dangote, Osoba, Ibori, Daniel, Amosun, Others Present As Awujale Is Buried
Culture

Osinbajo, Abiodun, Sanwo-Olu, Dangote, Osoba, Ibori, Daniel, Amosun, Others Present As Awujale Is Buried

by Vital News
July 14, 2025
0

The remains of the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, who died on Sunday, July...

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari

July 14, 2025
Former President Muhammadu Buhari Dies In London At 82

FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari

July 14, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs

Africans In Position To Develop Africa, Dangote Tells Global CEOs

July 14, 2025
Former President Muhammadu Buhari Dies In London At 82

Former President Muhammadu Buhari For Burial In Daura Tuesday, July 15, Gov. Radda Announces

July 14, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Osinbajo, Abiodun, Sanwo-Olu, Dangote, Osoba, Ibori, Daniel, Amosun, Others Present As Awujale Is Buried July 14, 2025
  • President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari July 14, 2025
  • FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari July 14, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In