CBN Raises Interest Rate To 14% - Business

CBN Raises Interest Rate To 14% - Business - Nairaland

Nairaland Forum › Nairaland General › Business › CBN Raises Interest Rate To 14% (20381 Views)

CBN Raises Interest Rate To 14% by iwaeda(op): 3:01pm On Jul 19, 2022

The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent.

The new interest rate comes barely two months after the apex bank raised the interest rate to 13 per cent.

This was disclosed by the governor of the apex bank, Godwin Emefiele, after the committee’s meeting at the CBN headquarters in Abuja.

The governor of the apex bank said the hike in interest rate would help tame rising inflation.

https://punchng.com/cbn-raises-interest-rate-to-14/

2 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by Kosoco(m): 3:03pm On Jul 19, 2022

Everything has increased in Nigeria What's going on

60 Likes

Re: CBN Raises Interest Rate To 14% by iwaeda(op): 3:03pm On Jul 19, 2022

By the time APC finished with us grin

99 Likes

Re: CBN Raises Interest Rate To 14% by iwaeda(op): 3:06pm On Jul 19, 2022

Lalasticlala grin

Mynd44

2 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by iwaeda(op): 3:24pm On Jul 19, 2022

Honestly APC is damn wicked, jacking up everything, it is well oo angry

43 Likes

Re: CBN Raises Interest Rate To 14% by Uniqueteco(m): 7:54pm On Jul 19, 2022

APC is evil

47 Likes 2 Shares

Re: CBN Raises Interest Rate To 14% by westfield: 7:55pm On Jul 19, 2022

3 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by franugo(m): 7:55pm On Jul 19, 2022

Hmm, interest rates for loans will increase again

30 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by DLSReigns(m): 7:55pm On Jul 19, 2022

Hmm, this government is really on auto-reverse. Buhari's regime will surely be immortalized in our sub-conscious for the wrong reasons. What a national mistake!

61 Likes 4 Shares

Re: CBN Raises Interest Rate To 14% by Skyfornia(m): 7:55pm On Jul 19, 2022

These guys are all about take take take take and take.. they are not doing anything for the citizens. Nawaoo

Yet people are still supporting this government.

36 Likes 2 Shares

Re: CBN Raises Interest Rate To 14% by Nazgul: 7:55pm On Jul 19, 2022

Please let's collectively reject APC next year. They have failed Nigerians.

42 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by Nobody: 7:55pm On Jul 19, 2022

Buhari administration seem not to give a Bleep about Nigerians,by the time he leaves aso-rock, Nigeria might have gone into a permanent coma.

6 Likes

Re: CBN Raises Interest Rate To 14% by LongwayGone2021: 7:55pm On Jul 19, 2022

Sri Lanka 2.0 loading in Nigeria

16 Likes

Re: CBN Raises Interest Rate To 14% by lilfresh96(m): 7:55pm On Jul 19, 2022

Re: CBN Raises Interest Rate To 14% by NaijaCoverBlog(m): 7:55pm On Jul 19, 2022

Cha E

Re: CBN Raises Interest Rate To 14% by ChiefAfonja: 7:56pm On Jul 19, 2022

If not for selfish Tinubu somebody like Buhari wouldn't have had the opportunity to be motor part chairman talkless of presidency

31 Likes

Re: CBN Raises Interest Rate To 14% by Rebirth212: 7:56pm On Jul 19, 2022

Re: CBN Raises Interest Rate To 14% by ROTTWEILER007: 7:56pm On Jul 19, 2022

iwaeda:
https://punchng.com/cbn-raises-interest-rate-to-14/

everything keep rising, my blood pressure has also risen. Money to buy already risen antihypertensive dont want to rose cry

6 Likes 3 Shares

Re: CBN Raises Interest Rate To 14% by ngBuild: 7:56pm On Jul 19, 2022

LongwayGone2021:
Sri Lanka 2.0 loading in Nigeria

4 Likes

Re: CBN Raises Interest Rate To 14% by TimmyTen(m): 7:57pm On Jul 19, 2022

When the wicked are in power, the people suffer.
The rate of chronic hunger in many families in Nigeria today with many finding it difficult to buy mere gari to feed their children is testament to Bubu’s desire to finish 9ja kpatakpata.

6 Likes

Re: CBN Raises Interest Rate To 14% by lonecatt(m): 7:57pm On Jul 19, 2022

Raising interest rate without the enabling environment for small businesses to thrive is not only wicked but evil

19 Likes

Re: CBN Raises Interest Rate To 14% by HltSong: 7:57pm On Jul 19, 2022

Mumu country.

4 Likes

Re: CBN Raises Interest Rate To 14% by Sleyanya1(m): 7:57pm On Jul 19, 2022

Tough but interesting times

I just wonder how most parents are managing their homes in these times. Almost everything is heading for the sky.

We really don't need any Prophet to tell us that Nigeria is gradually deteriorating and we have just 2023 to at least stop her further decline.

9 Likes 2 Shares

Re: CBN Raises Interest Rate To 14% by ironheart(m): 7:58pm On Jul 19, 2022

Una try

1 Like

Re: CBN Raises Interest Rate To 14% by JoshTim: 7:58pm On Jul 19, 2022

This is a monetary policy, a contractionary monetary policy for that matter, to reduce the effect of inflation escalated by too much money purchasing few goods orchestrated by easy access to funds via credit shemes.
What this means is that CBN has increased it's interest on loans to commercial banks. Basically, commercial banks will water this down to the general banking populace.

13 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by dalongjnr: 7:58pm On Jul 19, 2022

APC.

2 Likes

Re: CBN Raises Interest Rate To 14% by ChrisIntegral(m): 7:58pm On Jul 19, 2022

Nawao, to survive in Nigeria no be small thing.
APC.. top to bottom cheesy

2 Likes

Re: CBN Raises Interest Rate To 14% by Tooreda: 7:58pm On Jul 19, 2022

What is wrong with Nigeria? Why are the people silent in the face of oppression and repression?

15 Likes 1 Share

Re: CBN Raises Interest Rate To 14% by Sonoyom(m): 7:59pm On Jul 19, 2022

Economy is in bad shape and these senile individuals are still contracting the economy.

2 Likes

Re: CBN Raises Interest Rate To 14% by siofra(f): 7:59pm On Jul 19, 2022

1 2 3 4 5 6 7 Reply

CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels • CBN Raises Interest Rate To 18.75% • CBN Raises Interest Rate To 15.5% To Curb Rising Inflation • 2 • 3 • 4

Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window • How To Successfully Get Loan For Your Business - Marvejohndaily.com • What Is Your Greatest Challenge In Importation Business?