Business News
JUST-IN: CBN adjusts corridor but keeps Interest Rate at 27%
The monetary policy committee of the Central Bank of Nigeria has again maintained the monetary policy rate at 27 percent.
CBN governor Olayemi Cardoso made the announcement during a news conference on Tuesday at the committee’s 303rd meeting in Abuja.
The MPR is the benchmark interest rate that guides all other lending rates in the country.
This marks the fourth consecutive time the MPC is keeping the rate unchanged, after similar decisions in February, May, and July.
The decision comes shortly after Nigeria’s inflation rate eased to 16.05 percent in October 2025.
Speaking during the briefing, Cardoso said the committee voted to retain the MPR at 27 percent and adjust the asymmetric corridor to +50 and -450 basis points around the rate.
Follow Us on Google Discover
Politics4 hours ago
‘Why can’t Nigerians buy petrol for N441-N872 per litre like, UAE, Angola Sudi Arabia, others’ – Atiku questions Tinubu
World5 hours ago
Former British PM Keir Starmer leaves parliament after 11 years
Politics5 hours ago
Tinubu’s effort to secure Trump’s support for re-election has failed – Atiku’s lobbying firm claim
World5 hours ago
Erin Piacenti, Bank of America VP killed in Times Square stabbing
Entertainment6 hours ago
Nollywood hit by another loss as Atinuke Kareem dies after prolonged cancer battle
Politics8 hours ago
2027: I will review NELFUND, offer debt forgiveness to Nigerian students – Atiku vows
Politics8 hours ago
Yuguda warns Nigerians against Atiku’s promise to restore fuel subsidy, says its a political bait
Politics8 hours ago
Strong GDP, Reserves don’t put food on Nigerians’ tables – APC Chairman
Politics8 hours ago
2027: APC chieftain resigns, rejects support for Tinubu, Bauchi Governorship candidate
News9 hours ago
Two Kwara lawmakers lose seats after dumping APC for PDP
Sports11 hours ago
Gabriel Jesus joins Barcelona from Arsenal until 2029
News12 hours ago
BREAKING: PDP Chieftain Daniel Osi Orbih passes away
Metro14 hours ago
Panic in Kwara as two-storey building collapses, traps eight
Politics14 hours ago
2027: Major Jack picked as Chinda’s running mate in Rivers
Sports14 hours ago
Super Eagles Coach Chelle picks two assistants for U-23 team
Jobs / Vacancies2 days ago
7 Ongoing recruitment opportunities Nigerians shouldn’t miss before deadline (How to apply)
Politics8 hours ago
2027: I will review NELFUND, offer debt forgiveness to Nigerian students – Atiku vows
National News2 days ago
Tinubu spends 261 Days abroad as Presidency’s travel spending hits N37.64bn
News2 days ago
FBI files won’t decide 2027 election, Nigerians vote will – Tinubu’s lawyer Afolabi says
Politics2 days ago
BREAKING: Ex-Bayelsa gov Timipre Sylva dumps APC, says party has lost its founding ideals
Politics15 hours ago
On LG Autonomy: I will send funds directly to LGs from Day 1 in office – Atiku vows
Metro2 days ago
Three killed, many injured as suspected cultists invade Anambra
News2 days ago
Wike, Fubara meet for first time after governor gives up second-term bid
Politics8 hours ago
2027: APC chieftain resigns, rejects support for Tinubu, Bauchi Governorship candidate
Sports1 day ago
BREAKING: Lionel Messi retires from international football
News2 days ago
Plateau Gov Mutfwang bans Hisbah activities, orders immediate crackdown
News1 day ago
Chaos as Police teargas pensioners during protest at Lagos House
News2 days ago
Alleged drug trafficking: Tinubu will be embarrassed at UNGA, won’t meet Trump – US Firrm
Politics8 hours ago
Yuguda warns Nigerians against Atiku’s promise to restore fuel subsidy, says its a political bait
National News20 hours ago