NIGERIA — The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s soaring inflation levels pegged at 33.69% in April 2024... channelstv.com
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Thu Apr 24 2025 11:15:20 GMT+0000 (Coordinated Universal Time)
• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions
• CBN directs all PoS providers to route transactions through an approved payment terminal
• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones
• Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent
• Bank of England holds interest rates unchanged at 4.5 percent on Thursday
• Russia's central bank on Friday raised its key interest rate by 200 basis points to 21 Percent
CBN has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent
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Published (Updated) on Tuesday, May 21, 2024
• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions
• CBN directs all PoS providers to route transactions through an approved payment terminal
• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones
• Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent
• Bank of England holds interest rates unchanged at 4.5 percent on Thursday
• Russia's central bank on Friday raised its key interest rate by 200 basis points to 21 Percent
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