Stats: 3,191,680 members, 7,945,081 topics. Date: Tuesday, 10 September 2024 at 10:58 AM |
Nairaland Forum / Nairaland / General / Business / CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels (15896 Views)
CBN Raises Interest Rate To 18.75% / CBN Raises Interest Rate To 15.5% To Curb Rising Inflation / CBN Raises Interest Rate To 14% (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by ogododo: 2:24pm On May 21 |
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. https://www.channelstv.com/2024/05/21/breaking-cbn-raises-interest-rate-to-26-25-per-cent/ 4 Likes 1 Share
|
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Paraman: 2:29pm On May 21 |
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling 7 Likes 12 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by christejames(m): 2:30pm On May 21 |
😂 😂 😂 Widen the tax net Any means to extort is legal in this Tinubulation era ![]() 89 Likes 4 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by tuzeriouz(m): 2:31pm On May 21 |
This is completely unacceptable and doesn't augur well with the failing fiscal and financial position of the economy boldly marked with increasing inflation. 47 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Nyamiriflathed: 2:35pm On May 21 |
Interesting rate has to be ahead of inflation rate. 7 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by iwaeda: 2:38pm On May 21 |
ogododo: Tax collectors. ![]() ![]() ![]() ![]() 40 Likes 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by MANNABBQGRILLS: 3:14pm On May 21 |
President Bola Tinubu has repeatedly called for patience, expressing optimism that his government’s reforms will yield fruit On the flip side,please everyone should take care of him or herself, eat healthy,go for exercise, relax when you need to and once in a while take yourself out.GOD BLESS NIGERIA 🇳🇬 We will get there pretty soon ...... Meanwhile, Dearest Sane Nairaland members, Sisi Yewande and Madam Ngo on behalf of All of us at MANNABBQGRlLLS are checking on you. Times are hard It is for the best future for us all. No pain No Gain. Guide your mental health. Cut down on excesses and frivolity. Keep joining us to pray for a better Nigeria 🇳🇬. Slow and Steady we will get to the nation flowing with milk and honey. A country of our dreams. God bless you all. God bless Nigeria 🇳🇬 🇳🇬 🇳🇬 We Love You all ❤️ 😍 💖 Addendum : Enemies of Nigeria, (No matter the part of the country you came from) Skip this comment, it ain't for you. Check the first line to see who it was addressed to. If you do otherwise and quote to be negative or curse sane people here you will be miserable for life. #No be curse, Na FACT. Thanks and Cheers. 44 Likes 8 Shares
|
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by damola1: 3:14pm On May 21 |
Small business don die 13 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by TechBaron: 3:14pm On May 21 |
Na when you chop bellefull you go reason interest rate. 13 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by phr0nesis(m): 3:14pm On May 21 |
Paraman:How? Please explain 48 Likes 3 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by LaSenior: 3:15pm On May 21 |
![]() Unstable policies Timbom Timbom Government Builder of Lagos in the mud 37 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Felabrity: 3:15pm On May 21 |
Tinubu and cardiso don finish Nigeria 26 Likes 3 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by ruggedboych: 3:15pm On May 21 |
try and error government ![]() ![]() ![]() ![]() ![]() arrant nonsense ![]() 23 Likes 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by PlutoChief: 3:15pm On May 21 |
O fe kpa mi ni? 3 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Ogbodavies(m): 3:15pm On May 21 |
dis govt dey carry Nigerians play over 9.5 odd 'Ghana vs Nigeria match, 16 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Khyrvxjzy: 3:15pm On May 21 |
igbos are coming against this news 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Diligence: 3:15pm On May 21 |
Again, it doesn't make any sense. 11 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by samwillyco1(m): 3:16pm On May 21 |
![]() ![]() In the next election everybody will reason beyond ethnic, religious and geographical location/ sentiment during voting. Nigerians are suffering except politicians and their boys. Vote wisely Vote wisely Vote wisely during next election. 15 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by year2013: 3:16pm On May 21 |
Paraman: Can you imagine what an adult is saying 59 Likes 6 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by EmiloCorn: 3:16pm On May 21 |
Yes good 👍🏾 my oga is working 💪 ![]() You guys should slave hard, hustle long and take all your cash to the bank and deposit in fixed savings to reap bountiful rewards ![]() Just remember to keep the one to use and chop till the jungle matures ![]() 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Nwaokunkpara: 3:16pm On May 21 |
CBN increases the already existing hardship by 26.25 percent NIGERIANS go hearam 22 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Themanleshey: 3:17pm On May 21 |
Awon agbowo ipà ! Sorry Agbowo ode ![]() Meaning ? Ok Debt recovery agents ! Sorry Tax collectors ![]() 4 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Seefinish: 3:17pm On May 21 |
Tinubu the first class accountant from Chicago State University is working assiduously to cripple every area of our economy. 15 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by JuanDeDios: 3:17pm On May 21 |
Paraman:It hasn't slowed down. At least, not noticeably. |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by givedemwotowoto: 3:17pm On May 21 |
You raise interest rates when there’s inflation, to slow down the economy a little bit In Nigeria’s case, however, people already have low purchasing power, so slowing down the economy will become even more disastrous Businesses who are already struggling to sell, will borrow at higher interest rates and transfer the cost further to the buyers 27 Likes 3 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Akwamkpuruamu: 3:17pm On May 21 |
Isn't this discouraging investment and bank borrowing? 21 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by jmoore(m): 3:17pm On May 21 |
The one they increased previously did not solve anything.
At this point, is obvious that Tinubu is destined to destroy Nigeria. 12 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Ofunaofu: 3:18pm On May 21 |
Paraman: Paraman, of all the various steps taken so far, what has been the outcome? Well, this quote is for you, "A patriot must always be ready to defend his country against his government". 11 Likes 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by OJODEL10(m): 3:18pm On May 21 |
I pray its really work |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by JuanDeDios: 3:18pm On May 21 |
Akwamkpuruamu:Yes. It's discouraging bank borrowing. But they think it will encourage foreign portfolio investment (FPI). 3 Likes 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Akwamkpuruamu: 3:18pm On May 21 |
Paraman: Inflation at 33% and maybe by June is comes to 30% is that an achievement? 4 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Akwamkpuruamu: 3:19pm On May 21 |
JuanDeDios: So how will investment come into play and unemployment reduction? 4 Likes |
Simple Steps To Setup A Profitable Work From Home Business / Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens / Notify Customers Before Debt Recovery Moves, CBN Tells Banks
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 26 |