The Central Bank of Nigeria (CBN) on Tuesday continued its fight against rising inflation as it raised its benchmark interest rate by 25 basis point to 27.50 Percent.
Read also: Standard Chartered expects 50bps interest rate hike as CBN decides today
In September, the CBN raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25 percent despite concerns around petrol price rise, which has been seen as triggering a renewed inflation after two consecutive declines in commodity prices.
Olayemi Cardoso, announced this after a two-day Monetary Policy Committee (MPC) meeting held Monday and Tuesday in Abuja
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
