Skip to content
Lagos-Talks-white logo
  • Home
  • News
  • Videos
  • Shows
  • Events
  • The Crew
  • Competitions
Lagos-Talks-white logo

Live on air

🎧 Listen Live 🔴

Lagos-Talks-white logo

CBN Increases Interest Rate to 27.25 Per Cent

The Monetary Policy Committee of the Central Bank of Nigeria has increased the monetary policy rate to 27.25 per cent.

This new rate represents an increase of 50 basis points from 26.75 per cent announced by the apex bank in July 2024.

Addressing journalists yesterday at a press briefing after the committee’s fifth meeting for the year at the CBN headquarters in Abuja, CBN Governor, YemiCardoso, said the committee members unanimously decided to further tighten monetary policy.

However, the Monetary Policy Committee retained the asymmetric corridor around the MPR at +500 to -100 basis points and raised the Cash Reserve Ratio of deposit money banks by 500 basis points to 50 per cent and merchant banks by 200 basis points to 16 per cent from 14 per cent and retain the liquidity ratio at 30 per cent

Share

Recommended Posts

Davido Sells Out 02 Arena Ahead Of Concert

Read More...

SECURITIES AND EXCHANGE COMMISSION REVEALS BUSINESS OPPORTUNITIES FOR YOUTHS

Read More...

FEDERAL GOVERNMENT OFFICIALLY DECLARES INDEPENDENCE BRIDGE OPEN

Read More...

UMAHI BLAMES LAGOS CONTROLLER OF WORKS FOR BRIDGE CLOSURE

Read More...

LAGOS GOVERNOR, MR. BABAJIDE SANWO-OLU TAKES RESPONSIBILITY FOR YESTERDAY’S TRAFFIC GRIDLOCK-‘SUGGESTS SOLUTIONS”

Read More...

Super Eagles Seek to Rekindle World Cup Hopes in Uyo Against Zimbabwe

Read More...
Lagos-Talks-white logo
Facebook-f Instagram Twitter Youtube Podcast
  • info@lagostalks.com
  • +234 (01)-2701022
  • 26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Lagos-Talks-white logo
Facebook-f Instagram Twitter Youtube Podcast
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Lagos-Talks-white logo

🎧 Listen Live 🔴

LAGOS TALKS

91.3 FM

Lagos Talks on 91.3 FM, is a radio station, operating the TALK Format. It is focused on creating and encouraging conversations about issues that affect all residents of Lagos. The conversations will be moderated by seasoned qualified professionals and subject matter experts, to ensure that all viewpoints are articulated, and all sides of the discussion are heard.

  • About Us
  • Advertise with us
  • Shows
  • The Crew
  • Contact Us
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube Podcast
Lagos-Talks-white logo

🎧 Listen Live 🔴

  • Home
  • About Us
  • Videos
  • Shows
  • The Crew
  • News
  • Contact Us
  • Advertise with us
Facebook-f Instagram Twitter Youtube Podcast
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited