CBN again raises monetary policy rate by 50 basis points
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday announced another increase in the country’s Monetary Policy Rate known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.
The MPC also adjusted the asymmetric corridor to +500/-100 basis points from +100/-300 basis points around the MPR.
The CBN Governor, Yemi Cardoso, made this known on Tuesday in Abuja, while presenting the communiqué from the 296th meeting of the MPC.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
IG assures peaceful protesters of protection on August 1
Mr Egbetokun said it would be a challenge if the protest was violent.
Lagos
Lagos urges residents to expose suspected vandals of infrastructure
“We understand the pain that the people of this area are going through.’’
Africa
Not Nigerians: Mexicans, South Africans arrested in biggest drug bust in South Africa
Acetone and other chemicals confiscated during the operation were estimated to be worth two billion rand ($109.5m) in street value.
States
Cross River urges residents to shun nationwide protest, reels out govt interventions
The Senator Bassey Otu-led government has initiated programmes aimed at improving the quality of life in the state.
Africa
157 die in Ethiopian landslides, dozens missing
Another landslide occurred during a rescue operation on Monday.
States
Kano plans distribution of N6.2 billion fertiliser to farmers
Mr Mahmoud said the state has started massive land clearing to ensure improved farming activities in the state.
