Nigeria keeps benchmark interest rate steady

Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
Nigeria’s inflation drops to 24.48% in January after rebasing
Nigeria’s inflation rate dropped to 24.48% in January after rebasing exercise, the country’s statistical authorities have revealed. The news figures showed food inflation rate now 26.08 percent while GDP figures are yet to be out.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drop
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November
Nigeria’s Inflation Drops To 24.48% After CPI Rebasing – NBS
The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate decreased from 34.8 per cent in December 2024 to 24.48 per cent in January
See more as CBN retains interest rates at 27.5%, 26 banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
JUST IN: CBN retains interest rate at 27.50%, maintains other parameters
Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters.This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja.In this regard,
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Nigeria Inflation Slows After Data Rejig, Clouds Rates Path
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Nigeria’s Inflation Changes After Rebasing – But Are Prices Really Falling?
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"From Double-digit to Single:" CBN Explains How it Will Bring Down Inflation Rate
The Central Bank of Nigeria has spoken on the strategies it will use to bring the inflation rate down from the 24.48% ...
Nigeria Central Bank Seen Pausing Aggressive Rate-Hike Campaign
Nigeria’s central bank will probably hold interest rates steady later on Thursday, pausing an aggressive tightening cycle ...
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Reasons drop in Nigeria’s inflation doesn’t result in price reduction – CPPE
The Centre for the Promotion of Private Enterprise, CPPE, has explained that the sharp deceleration of Nigeria’s inflation in ...