The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its 300th Monetary Policy Committee (MPC) meeting held in Abuja.
Nigeria
Nigeria’s inflation rate is projected to average 22.1% in 2025 as the Central Bank’s tight monetary stance begins to anchor inflation expectations and restore confidence in macroeconomic management.
Nigeria has officially joined BRICS as a partner country, confirmed by Brazil’s Foreign Ministry.
- Israel Ojoko | Nairametrics
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The headline inflation rate in Nigeria experienced a slight increase, reaching 34.80% in December 2024, as reported by the National Bureau of Statistics.
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- Central Bank of Nigeria raises interest rate by 50 basis points to 27.25%
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