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Nigeria central bank hikes policy rate again after inflation uptick
Nigeria's central bank raised its key interest rate for the sixth time this year on Tuesday, citing renewed inflationary and exchange rate pressures in Africa's most populous nation. The decision to raise the Monetary Policy Rate by 25 basis points to 27.
Nigeria Raises Interest Rates Again to Curb Surging Inflation
The Central Bank of Nigeria raised interest rates for the sixth straight time this year, intensifying its quest to curb surging inflation and support the battered naira.
BREAKING: CBN raises Nigeria’s interest rate
The Central Bank of Nigeria’s Monetary Policy Committee has raised the country’s interest rate by 25 basis points to 27.50 percent in November from 27.25 percent in September 2024. The Governor of CBN,
Nigeria's central bank delivers sixth rate hike this year
Nigeria's central bank raised its benchmark lending rate by 25 basis points to 27.50% on Tuesday, citing renewed inflationary pressures in Africa's most populous nation.
CBN reacts as Nigerian banks hike customers' charges
The CBN responded to complaints over arbitrary bank charges by advising clients to check the CBN's bank charges handbook to find out legal fee for each transaction.
businessday
1h
Nigeria to plug into $200bn hydrogen economy, says minister
The Nigerian government has began moves to position the country to tap from the global hydrogen economy which is projected to ...
Zawya
12h
Nigeria: NBS report on 3.46% GDP growth, decline in unemployment, not a true reflection
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has said the latest data by the ...
Defence Web
1h
Nigeria’s terror group Lakurawa is nothing new – it exists because of government’s failure: analysts
The Nigerian army has spoken of attacks on the Niger-Nigeria border in 2024 as being carried out by a new terrorist group.
1d
on MSN
Nigeria growth picks up in third quarter, fuelled by services
Nigeria's economy grew 3.46% year-on-year in the third quarter of 2024, quicker than in the first two quarters of the year, ...
Zawya
2h
Lagos boasts of 35% of Nigeria's GDP — Edun
The resources that Lagos state needs to invest, to grow the economy, provide infrastructure for the people, and to ensure ...
AllAfrica.com
1h
Nigeria: On 29 Years of Emir Sulu-Gambari's Impactful Reign
Opinion - Born in 1940, he took over the throne following the demise of his uncle, Mallam Aliyu AbdulKadir, and has since become one of the 10 most prominent traditional rulers in northern Nigeria.
2d
Resurgent Services Sector Propels Nigeria’s Economic Growth
The sector is expected to receive a further boost from the start of gasoline production at Nigerian billionaire Aliko Dangote ...
2d
on MSN
Nigeria turns to natural gas as transport prices soar after petrol subsidies were removed
Nigeria faces its worst cost-of-living crisis in a generation after the government ended costly subsidies that made petrol ...
6d
At Least 50 Boko Haram Insurgents Killed in Nigeria After Ambush Convoy
Babawale Afolabi, a spokesperson for the Nigeria Security and Civil Defence Corps, said late Tuesday that a team of 80 ...
legit
56m
Lady Happily Leaves Nigeria to Reunite with Dad in Finland, Video Shows Her in Snow for First Time
A video making the rounds on social media has captured the moment a beautiful lady relocated to Finland to be with her father ...
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