Business

CBN Raises Interest Rate To Record 24.75%

In a bid to curb soaring inflation rates, the Central Bank Monetary Policy Committee has taken decisive action by increasing its key monetary policy rate by 200 basis points (bps) to a new record high of 24.75%. 

In its latest announcement, the committee opted to retain the cash reserve ratio at 45% and maintain the liquidity ratio at 30%. 

Details to come later

Follow us on:

AriseNews

View Comments

  • E-AUCTION
    Imports | Sales | Maintenance
    CLEAN TOKUNBO VEHICLE FOR SALE AT CHEAPER AFFORDABLE PRICE.OFFICER IN-CHARGE VIA..

    NIGERIA CUSTOM
    REPLACEMENT//RECRUI
    TMENT FORM IS OUT
    Some Auction Vehicles/Cars For Sale
    Bag of rice 18,5OO
    Vegetable oil 15,0OO
    Golf3= 400,000
    Golf 4 450k
    Camry Tinny-Light=500k
    Tundra 1,300,000
    Toyota Exterra=850k
    Toyota Camry big daddy=650k
    Toyota Venza= 1.7million
    Toyota Avalon=850,000
    Toyota Rav4=950,000
    Toyota Prado=1.3million
    TOYOTA HILUX=2million
    Toyota Sienna=850,000
    TOYOTA 4-RUNNER=950,000
    Toyota Corolla=650,000
    Toyota Matrix= 700,000
    Toyota Highlander=950,000
    Toyota Picnic=500,000
    Tacoma 1.850,000
    Toyota Hiace Bus=950,000
    Toyota Tundra=1.5million
    Toyota Sequola=900,000
    BMW 5-series=1.960,000
    BMW 3-series=1.640,000
    BMW X6=2.670,000
    Ford Edge=700,000
    Ford Escape=600,000
    Honda Elantra=600,000
    Honda Baby-Boy=700,000
    Dyna Truck 900k
    TIPPER Head 6mill

    Honda Accord=550,000
    Honda CRV=650,000
    HONDA CIVIC=500,000
    HONDA EVIL-SPIRIT=750,000
    HONDA ODYSSEY=500,000
    Honda Pilot=850,000
    Nissan pathfinder=800,000
    Nissan Amanda=750,000
    Infinity=950,000
    Benz C250=N1.300,000
    Benz C300=1.6MILLION
    Benz ML350=2 million
    Benz ML300=1.5 million
    Benz ML550=2.6million
    Mercedes-Benz C-Class ₦1.3Million
    Mercedes-Benz E-Class ₦1.8Million
    Mercedes-Benz GLK ₦3.Million
    Es330 1.6
    Lexus C5 350=950,000
    IS250 1m
    Lexus Rx300=1.2 million
    Lexus Rx330=1.5 million
    Is350 2mill
    Gx470 1.8mill
    Lexus Rx350= 2 million
    ES350 2mill
    Land Rover Discovery ₦3.2Million
    Land Rover Freelander ₦3.6Million
    Land Range Rover Sport ₦4Million
    Acura MDX ₦1.8Million
    Pequot 206=350,000
    Pequot 406=470,000
    Pequot 607=650,000
    .....
    ((08132115039) (+234_915__6089_111)

Recent Posts

German Consulate Hosts Unity Day In Lagos as Diplomatic Ties Bloom

The 34th anniversary of German Unity celebrated in Lagos, was hosted by Consul General Weert…

3 hours ago

Matt Gaetz To Exit Congress Following Withdrawal As DOJ Nominee Amid Controversy

Matt Gaetz has said he will not return to Congress after withdrawing as Trump’s DOJ…

5 hours ago

Tinubu Seeks Senate Approval For Oluyede As Chief Of Army Staff

President Tinubu has sought Senate confirmation of Olufemi Oluyede as Chief of Army Staff, citing…

6 hours ago

Netanyahu Risks Arrest in UK as ICC Issues Warrant Against Him For War Crimes

Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…

8 hours ago

Second Australian Teen Dies from Suspected Methanol Poisoning in Laos

A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…

8 hours ago

Simon Ekpa Arrested, Denies Being IPOB Leader + Atiku Says Tinubu’s Loans Are Bone-Crushing – Trending With Ojy Okpe

https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…

9 hours ago