Nigeria’s interest rate highest among African peers
Nigeria's Monetary Policy Rate (MPR) at 16.5 percent, which is the benchmark interest rate of the country, is the highest among its African peers such as South Africa, Kenya, Morocco, and…
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Monetary Policy Rate (MPR)
Nigeria stock market rises further on increased bargain
For the fourth time this week, Nigeria's equities market closed in the positive region, rising by 0.81 percent at the close of trading session on Thursday.
Airtel Africa led other stocks…
‘Our emphasis is on capital preservation, achieving inflation-adjusted returns’
Michael Nzewi is the Managing Director/Chief Executive Officer of CardinalStone. He speaks on economy and markets in this interview with Iheanyi Nwachukwu. Excerpts
Inflation is at an…
Understanding CBN interest rate hike
The Central Bank of Nigeria (CBN) raised the lending rate from 13 percent to 14 percent on Tuesday, July 19, 2022, citing increased inflationary pressure brought about by the Russia-Ukraine…
CBN raises savings rate to 4.2%
The Central Bank of Nigeria (CBN) has reviewed upward the minimum interest rate payable on savings deposits to 4.2 percent from 0.15 percent, which is 30 percent of the Monetary Policy Rate…