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Tag: Interest Rate

Dangote fumes at new CBN interest rate, says nobody can create jobs, development

July 2, 2024July 2, 2024Ayo Olowo

Alhaji Aliko Dangote, Chairman of the Dangote Group, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. Speaking at a summit hosted by the Manufacturers Association of Nigeria (MAN), on Tuesday at the State House in Abuja, the business mogul made […]

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MPC retains interest rate at 13.5% to ‘understand growth trend’

May 21, 2019May 21, 2019Ayo Olowo

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) says it is retaining the monetary policy rate, which measures interest rate at 13.5%. Speaking in Abuja on Tuesday after the meeting of the committee, Godwin Emefiele, governor of the Central Bank, said nine members voted to hold rates. The asymmetric corridor was […]

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