Business and Brands
BREAKING: CBN raises MPR to 14% as one dollar exchanges for N630 at black market
CBN has raised MPR to 14% as one dollar now exchanges for N630 at the black market.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate (monetary policy rate) to 14% from 13%, being the second hawkish move by the apex bank in 2022 following the rising rate of inflation.
This was disclosed by the Governor of the CBN, Godwin Emefiele, while reading the communique of the first monetary policy committee meeting of the year, on Tuesday 19th July 2022.
CityNews Nigeria had reported earlier that one dollar now exchanges for N630 at the black market
More details shortly…
‘You Are Frustrated’ – Group Slams Suswam For Criticizing Tinubu’s Govt
Erin People Find A Home In ‘Erinmoje’
Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 2nd May 2024
Top Nigerian Newspaper Headlines For Today, Thursday, 2nd May, 2024
Kim Kardashian and Odell Beckham Jr. split after 7 months of dating
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
Trump faces prospect of additional sanctions in hush money trial as key witness resumes testimony
Nigerian Banks close 2million accounts over linkage of BVN, NIN
The President Can’t Tell Me Not To Cut Off A Narcissist, Toxic Manipulator’ – FFK’s Estranged Wife, Precious Chikwendu declares
EFCC Slammed With ₦10 Million Damages For Declaring Pastor, Wife Wanted Without Court Order
86 rooms where tenants paid N250,000 a year found under Lagos bridge
Dino Melaye declares Davido, leader of Nigerian music industry
Brentford buy Flying Eagles Defender Frederick from Moses Simon’s Kaduna academy
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st May 2024
Business and Brands9 hours agoTranscorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion
Entertainment11 hours agoDino Melaye declares Davido, leader of Nigerian music industry
Top Stories10 hours agoNigerian Banks close 2million accounts over linkage of BVN, NIN
Top Stories10 hours agoTrump faces prospect of additional sanctions in hush money trial as key witness resumes testimony
News9 hours agoBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 2nd May 2024
World10 hours agoBiden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
- Top Stories10 hours ago
The President Can’t Tell Me Not To Cut Off A Narcissist, Toxic Manipulator’ – FFK’s Estranged Wife, Precious Chikwendu declares
News10 hours agoTop Nigerian Newspaper Headlines For Today, Thursday, 2nd May, 2024