Skip to content
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
logo11_prev_ui
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
Download Magazine
CBN increases interest rate to 18.5%
  • May 24, 2023
  • Unity Times
CBN-MPC- (1)

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate, also known as the interest rate, to 18.5 per cent.

CBN raised the rate from 18 per cent to 18.5 per cent on Wednesday, after the MPC meeting held at CBN Headquarters in Abuja.

Grow your business with us

In the last meeting held in March, the CBN also moved the interest rate up from 17.5 per cent to 18 per cent. The financial regulator has been raising the rate since April 2022, when the MPR was 11.5 per cent.

After the meeting presided over by CBN Governor, Godwin Emefiele, the apex bank chief disclosed that the MPC retained the asymmetric corridor at +100 and -700 basis points around the MPR.

Also, the MPC retained the Cash Reserve Ratio (CRR) at 32.5 per cent and the liquidity ratio at 30 per cent.

About The Author

Unity Times

See author's posts

Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
ads
Subscription Ads
Related Posts
Super-Falcons

Super Falcons Lose to Cameroon but World Cup Dream Remains Alive

UNITY TIMES SPORTS DESK RABAT — Nigeria’s Super Falcons suffered a painful setback at the 2026 Women’s Africa

Read More
Adeleke-of-Osun (1)

Osun 2026: Adeleke Seeks Fair Contest as Political Tension Rises Ahead of August 15 Poll

UNITY TIMES POLITICAL DESK OSOGBO — Osun State is entering one of the most closely watched electoral periods

Read More
typhoon dolphin

Typhoon Dolphin: More Than One Million Evacuated as China Faces Massive Storm Emergency

UNITY TIMES FOREIGN DESK BEIJING — More than one million people have been evacuated across eastern China as

Read More

Join Our Newsletter

logo11_prev_ui
Unity Times
Facebook-f Twitter
  • Super Falcons Lose to Cameroon but World Cup Dream Remains Alive

    Super Falcons Lose to Cameroon but World Cup Dream Remains Alive

    August 11, 2026 Breaking News, National, News, Sports
  • Osun 2026: Adeleke Seeks Fair Contest as Political Tension Rises Ahead of August 15 Poll

    Osun 2026: Adeleke Seeks Fair Contest as Political Tension Rises Ahead of August 15 Poll

    August 11, 2026 Breaking News, National, News, Politics
  • Typhoon Dolphin: More Than One Million Evacuated as China Faces Massive Storm Emergency

    Typhoon Dolphin: More Than One Million Evacuated as China Faces Massive Storm Emergency

    August 11, 2026 Breaking News, International News
Get In Touch

Block 4, Wuse ll,

Abuja Nigeria

  • Email: office@unitytimesonline.com
  • Phone:
  • Hours: Mon-Fri 9:00AM - 5:00PM

© 2026 All Rights Reserved.