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Central Bank of Nigeria

Tinubu To Attend Mahamat Déby’s Inauguration As Chad’s President

23 May 2024

The inauguration follows the declaration of President Déby as the winner of the country’s presidential election earlier this month and subsequent affirmation by the Constitutional Court of Chad.According to the statement by presidential spokesman Ajuri Ngelale, President Tinubu will be accompanied on the trip by some senior government officials and will return after the ceremony.Déby, […]

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CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels

22 May 2024

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.The CBN Governor Yemi Cardoso who is also the MPC chairman however, said the Cash Reserve Ratio ,CRR, of Deposit […]

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