CBN Increases Interest Rate To 27.5 Per Cent - Investment - Nairaland
Nairaland Forum › Nairaland General › Investment › CBN Increases Interest Rate To 27.5 Per Cent (8256 Views)
| CBN Increases Interest Rate To 27.5 Per Cent by ManLikeL(op): 2:25pm On Nov 26, 2024 |
This followed the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The monetary policy rate measures the benchmark interest rate.https://www.channelstv.com/2024/11/26/just-in-cbn-increases-interest-rate-to-27-5-per-cent/ 2 Likes
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| Re: CBN Increases Interest Rate To 27.5 Per Cent by Macphenson: 2:34pm On Nov 26, 2024 |
k |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by HORLADY(m): 2:37pm On Nov 26, 2024 |
Investors should be motivated 1 Like |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by saddler: 2:37pm On Nov 26, 2024 |
Trial and error.... 14 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by TossTos(m): 2:38pm On Nov 26, 2024 |
Make them kuku wrap it up to 30 per cent sheybi them they in search of price stability Abi in a bid to address the rising inflation in the country ni .. 0.25% increment today , 1% increment tomorrow no be am . Make wrap am up at once .. 8 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Zico5(m): 2:38pm On Nov 26, 2024 |
I can see the naivity of the guy that commented above. He doesn't know anything at all. He said investors should be motivated forgetting the masses are the last resort. If you think Tinubu is here to make life better for the masses then you will wait tire. The man is here to loot and that's the only business he and his family are here to do. Masses should brace up for more hardship cos Tinubu won't back down until he finish the masses completely. 21 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Segun91: 2:39pm On Nov 26, 2024 |
27or no 28 % bank rate is 30% quote me anywhere 7 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by NaijaCover(m): 2:39pm On Nov 26, 2024 |
No Be Small Thing ooooo 1 Like |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by SouthSouth1914: 2:40pm On Nov 26, 2024 |
Let them just crumble everything. You can’t tax a poor nation to get rich! Mumu Tinubu 28 Likes 2 Shares |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by iichidodo: 2:40pm On Nov 26, 2024 |
[color=#1986BC] It's ok...Just squeeze the daylight out of the common folks to stem inflation. Better still, you can leave it at 100% why stop at 27%? [/color] 14 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Oritna94(m): 2:40pm On Nov 26, 2024 |
Hmm, to borrow money from bank is a big no. Because the rates banks will offer will be above 30%!!!!! Meanwhile here is Saudi interest rate is 5% and they keep begging and disturbing me with SMS to collect. 20 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Emmariks(m): 2:40pm On Nov 26, 2024 |
If na wetin go bring down dollar from where e climb go, no wam. 1 Like |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by FuckTheMod: 2:41pm On Nov 26, 2024 |
 From 5% few years ago to this And they want this country to progress and attract investors 8 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by janedonez(m): 2:41pm On Nov 26, 2024 |
Ok |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by givedemwotowoto: 2:41pm On Nov 26, 2024 |
This shows how high inflation is 5 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Neduzze5(m): 2:41pm On Nov 26, 2024 |
Omo x 10000 |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Mandatemovent: 2:41pm On Nov 26, 2024 |
This is how dey keep dishing anti-investment policies...later bolekaja president will junketeer to foreign countries to flex and borrow money...in diguise of wooing investors 5 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Talkisneeded(m): 2:41pm On Nov 26, 2024 |
You can't tax your citizen into prosperity sha.... I sell herbs tho 1 Like |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by treatise: 2:41pm On Nov 26, 2024 |
TossTos:38% is the target, please fasten your seatbelt as we about to takeoff. |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Babamide(m): 2:43pm On Nov 26, 2024 |
When would this guy have any positive impact on the economy? 2 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Free2Fly: 2:44pm On Nov 26, 2024 |
ManLikeL:This Olodo who looks like Smeagol in the Lord of the Rings keeps using the same formula that hasn't worked since he was smuggled into office by a certain drruglorrd 5 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by mrvitalis(m): 2:44pm On Nov 26, 2024 |
Interest rate 27% inflation 36% ... Which school this guys go abeg 1 Like |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by psucc(m): 2:45pm On Nov 26, 2024 |
At 27.25%, commercial banks charged between 33-35% interest rate on credit facilities. Now, they will also do "top up". Yet we have an economy with over 3% growth rate. 2 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Godfullsam(m): 2:45pm On Nov 26, 2024 |
What is the hope of people who intend to take loans and set up a small/scale business? They think increasing the interest rate will encourage people to save more money and reduce the volume of money in circulation which may reduce inflation significantly? These jokers should know that most Nigerians don't even have enough money to feed talk more of saving.. 5 Likes 1 Share |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Douglad: 2:45pm On Nov 26, 2024 |
These fools are not ever going to learn. Our inflation is not caused by demand pull. Why do they not see that inflation is still not coming down regardless of these useless policies they keep pushing. The increase in interest rate going to decrease the quantity of supply of non-essential goods which will further worsen the inflation rate; and increase the cost of production for essential goods which will eventually be pushed towards consumers. There is no solving inflation in Nigeria as long as they continue doing this nonsense. Like I said, Tinubu's plan is to make sure that half of you all are dead by the time his tenure is over. Just dey watch the movie script i.e. for those of you that are still alive when he is done cos e no sure for anybody again unless you be rich person already. 6 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by TossTos(m): 2:45pm On Nov 26, 2024 |
Segun91:Abi o , I tire for their short short increment when they practice 30%.. 1 Like |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by koning: 2:45pm On Nov 26, 2024 |
So, why is Access bank still paying me less than 10% on my savings. DAYLIGHT ROBBERY. 5 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by criuze(m): 2:45pm On Nov 26, 2024 |
There should be more better ways to demonstrate to investors that naira wouldn't fall today's night On a fundamental level I will believe consolidations of the curreny for the meantime, or probably a future prospect for more viable indicators to push the naira economy up, for now let's hopes it may get better |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by brainpulse: 2:46pm On Nov 26, 2024 |
Nigeria is ruled by devilished politicians. Unstable economy, financial policies and increased interest rates are bad for foreign investors and local enterpreneurs. Tinubu is just finding all ways to improvish the masses by channelling all monies at all cost to the centre for them to share with themselves and without no visible infastruture and economic developments. 4 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by NothingDoMe: 2:46pm On Nov 26, 2024 |
koning:Because that's their savings policy. You need to move your investment out to bonds and bills that will pay interest rates close to the MPR. 2 Likes |
| Re: CBN Increases Interest Rate To 27.5 Per Cent by Free2Fly: 2:47pm On Nov 26, 2024 |
HORLADY:How exactly? You don't understand the implications of this stuff at all 2 Likes 1 Share |
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