Why Central Bank of Nigeria adjusted interest rate after two and a half years

Posted On: May 25, 2022
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By Chioma Obinagwam

Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) announced at the end of the 285th meeting of the Monetary Policy Committee (MPC) that it has increased Monetary Policy Rate (MPR) by 13 percent.

Confiance News gathered from its official Twitter handle on Tuesday.

Governor of the CBN, Godwin Emefiele disclosed that the reason for the upward review of the interest rate was to check inflation.

Confiance News reports that Nigeria’s inflation rate as at April 2022 stood at 16.82 percent.

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Access Holdings shareholders okays capital raising plan

Posted On: April 19, 2024
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By Chioma Obinagwam The shareholders of Access Holdings Plc at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan

EU president, Ursula von der Leyen, reacts to Putin’s threat to Finland’s security

Posted On: April 19, 2024
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By Chioma Obinagwam European Union (EU) president, Ursula von der Leyen, has responded to the perceived threat to Finland’s security by Russia’s president, Vladimir Putin.

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Emotions high as Inibehe shares photo of Chioma Okoli in Court over Erisco case

Posted On: April 19, 2024
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By Chioma Obinagwam Inibehe Effiong, the counsel of Chioma Okoli, the woman being sued by Nigeria’s Inspector General of Police (IGP), Kayode Egbetokun, over a tomato puree

How NCDMB received $1m return on investment from NEDOGAS

Posted On: April 19, 2024
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By Chioma Obinagwam The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being

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