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CBN Raises Interest Rate To 26.25 %

Boom RadioNG | May 21, 2024

The Central Bank of Nigeria (CBN) has today raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. After the 2-day meeting of the bank’s Monetary Policy Committee (MPC), they agreed to increase the Monetary Policy Rate(MPR) for the third consecutive time to […]



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CBN’s MPC increases Interest rate to 24.75%

Boom RadioNG | March 26, 2024

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has today increased the benchmark interest rate by 200 basis points making it 24.75 percent. This was disclosed by the CBN governor, Yemi Cardoso in a communique after the second MPC meeting of his tenure in the federal […]





News

“CBN Governor Yemi Cardoso’s Update to Nigerian Senate Committees: A Forecast of Declining Inflation and a Call for Sustainable Forex Demand”

Boom RadioNG | February 9, 2024

On Friday, February 9, 2024, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), presented an economic update to the joint committees of the Nigerian Senate. He projected a decrease in inflationary pressures to 21.4% in the medium term, attributing this to improved agricultural productivity and the […]




BusinessNews

CBN pays off final $64m tranche of airline backlog

Boom RadioNG | January 30, 2024

The Central Bank of Nigeria (CBN) has announced the completion of settlement of foreign exchange (FX) owed to all foreign airlines operating in the country. The apex bank said the final tranche of $64.44 million brings the total disbursements to airlines to $136.73 million, thereby clearing all verified claims within […]



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