Stats: 3,191,681 members, 7,945,093 topics. Date: Tuesday, 10 September 2024 at 11:06 AM |
Nairaland Forum / Nairaland / General / Business / CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels (15898 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)
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:19pm On May 21 |
Master strategist with no strategy! 3 Likes 1 Share
|
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by JuanDeDios: 3:20pm On May 21 |
Akwamkpuruamu:They think FPI will help improve dollar liquidity, which will reduce inflation and stimulate the economy. |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by giftbawa: 3:20pm On May 21 |
This means if you are to get a short-term loan for your business from any commercial bank they would charge an average of 36% percent per Annum. this would kill your business because if you add labour costs, Nepa / generator, marketing, logistics, commission to get the job, and other local and government taxes, it would be hard to stay in business. 3 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Ebeano49(m): 3:20pm On May 21 |
FREE money for FPIs. They will flood in now that $ is nearly at 1500. Their inflows will lead to artificial appreciation of the naira to about 1200. Then they'll exit. Thus making a killing on currency differential + 26.25% ROI. Happy days! YOU CAN'T RIG INTERNATIONAL FINANCE. Give Nigerians power supply. Give them security to boost agriculture, trade and tourism. Cut down on wasteful government spending. Enforce rule of law no matter whose Ox is gored. Allow free, fair and transparent elections..... then sit back and watch foreign investors flood in as the country prospers. It's really that simple. 13 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Blaze14k: 3:21pm On May 21 |
Paraman: Na you go make the price fall ba.. so your prayer is for people to start running losses 2 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by omoredia: 3:21pm On May 21 |
Cardoso has school cert with only 3 credits. No jokes 3 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DCmonster: 3:21pm On May 21 |
Paraman:If God doesn't punish all APC supporters and online paid propagandist then he is indeed a merciful God. 4 Likes 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:21pm On May 21 |
Loool Cardoso with patch patch CV is clueless Paraman: 5 Likes 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by bemeruca: 3:21pm On May 21 |
Nigeria is dead |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by JuanDeDios: 3:22pm On May 21 |
Ebeano49:
|
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by jasontrigga(m): 3:23pm On May 21 |
4 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by fuckingAyaya(m): 3:24pm On May 21 |
Paraman:just like how u lots falsely predicted that naira will rise between 750-800 to a dollar. U lots sold ur souls because of 30k stipend to defend every devilish policy, You don't care if it's anti-people? Who are the real enemies of the state just ask ur self. 5 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by givedemwotowoto: 3:24pm On May 21 |
Paraman: BAteria Economist. You didnβt read that inflation rate was increasing month to month? https://www.nairaland.com/8093256/nigerias-inflation-hits-33.69# Take this, it should help 5 Likes
|
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:25pm On May 21 |
So what is inflation? Over 33%. Why is interest rate below 33%? Cardoso is a pretender with patch patch CV Nyamiriflathed: 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:25pm On May 21 |
Your darling daddy Buhari put the criminal drug baron, certificate forger, mandate thief and narcotics trafficker in this mess. post=130068824: 2 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by AcuraZDX: 3:25pm On May 21 |
Paraman: Shut up. 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by dododawa1: 3:26pm On May 21 |
Will food stuff Reduced ? |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by RedpillAnalyst: 3:26pm On May 21 |
This country is on the verge to hyperinflation. The interest rate is at 26+%, and people are crying at 4-5% in America. 2 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Usmanovic95(m): 3:26pm On May 21 |
Paraman: Olayemi cardio, is this you? He is the only one who can defend this. 2 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by higgs: 3:26pm On May 21 |
Increasing MPR will actually make inflation worse by increasing cost of borrowing for businesses. Right now,inflation in Nigeria is caused by insecurity and the high,unstable exchange rate of the naira 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by onatisi(m): 3:26pm On May 21 |
ogododo:If I am not mistaken , this obviously means the prices of goods ,services and commodities will rise . If that is true. ,the alary increase they are given to NLC must be retrieved back in whatever way possible. They will simply be taking back the increase through this means |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Bimpe29: 3:27pm On May 21 |
Management of the macroeconomics isn't a child's play. God will ease the suffering of the Nigerian masses. 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by NothingDoMe: 3:27pm On May 21 |
Ogbodavies:π π€£ |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by giftbawa: 3:27pm On May 21 |
IMF says to raise your interest rates. You raise it and forget the Western government reduces interest rates to stimulate economic growth because the one-man business is the largest employer of labour in the Western world. IMF says to stop subsidies you oblige them but forget that they give all types of subsidies to their citizens free secondary education, free shelter and meal vouchers to their citizens, subsidized housing, free milk, free university education for military personnel, and even a free paycheck when unemployed. When are we going to learn how to behave sef ![]() 3 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by fuckingAyaya(m): 3:28pm On May 21 |
omoredia: Islamic banking A1 Yoruba A1 Technical drawing A1 |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Localemperor: 3:28pm On May 21 |
Paraman:Inflation does not fall illiterate, Economic policies can only leads to deflation... |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by fuckingAyaya(m): 3:29pm On May 21 |
Nyamiriflathed:jesus christ! Awusubillahi! I fear who no fear una |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by wegevv: 3:31pm On May 21 |
Slap on the wrist for inflation Grandstar will be disappointed |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by CodeTemplar: 3:32pm On May 21 |
One cosmetic junk after the other. 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by CodeTemplar: 3:32pm On May 21 |
wegevv:hmmm |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by yang(m): 3:33pm On May 21 |
Okpoefi CBN interest rate almost 27% Toilet paper currency, how can jobs be created in such an economy if a factory should pay 27% cost of its construction in 1 year This is how useless the CBN and zoo Nigeria govt led by a criminal called Thiefnibiyu is Instead of the govt to reduce their spending and stop overcrowding real sector of the economy in the debt market, they prefer to retain their lavish corrupt lifestyle as Presidency, National and HOuse of Aseembly, Governors, Ministry, paraststal etc to print more naira, create more inflation and impoverish more people Evil 2 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. 32 |