Sites: Africa, Marketing, Medical, Retail
Marketing community of Nigeria
Marketing> The Loerie Awards 2008, Advertising, Branding, Cinema, CRM, Design, Digital, Direct Marketing, Education & Training, Eventing, Exhibitions, Magazines, Media, Mobile, Newspapers, Online Media, Out Of Home, Printing, Production, Promotions, Public Relations, Radio, Recruitment, Research, Retail, Sales, Sponsorship, TV, Youth Marketing, 2010 FIFA World Cup
Articles
Retail Articles
More articles...
Most read articles
Most commented articles


Nigerian central bank raises interest rate

The Nigerian central bank has raised its benchmark interest rate MPR from 8% to 9% because of rising inflation, officials said on Thursday, 4 October.

The Monetary Policy Rate is the rate at which the Central Bank of Nigeria lends to commercial banks. The rate was reduced by 2% in June.

"Inflation might surge if we don't take action," CBN governor Charles Soludo told reporters, adding that a planned increase in government spending could reverse what had been a slight decline in inflation.

Read the full article here.

[8 Oct 2007 12:43]

 SEND TO A FRIEND  |   PRINT

 
Comment on this
 


Share this page (Tell me more)


 










Receive free email newsletter
 
Tell a friend about us
 
CONTACT US | ABOUT US | SEND US NEWS | ADVERTISING RATES | sales@bizcommunity.com | +27 (0)21 680 3500
All rights reserved. © 2008. Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. Privacy policy, Terms of Use.
Connected by: Uninet