The Monetary Policy Committee (MPC) is a body within Nigeria's Central Bank that makes decisions regarding the country's monetary policy, including interest rates.
Nigeria’s inflation slows in third consecutive month to 22.22%
Nigeria's headline inflation decelerated to 22.22% in June, down from 22.97% in May. Food inflation increased slightly to 21.97% in June compared to the previous month.
Nigeria’s new inflation figures fall to 24.48%, after rebasing exercise
Nigeria's headline inflation dropped to 24.48% from 34.80% after a rebasing exercise. The rebasing updated the basket of goods from 740 to 960 items.
Kenyan banks to lower interest rates following pressure from the Central Bank
CBK reduced the benchmark rate by 75 basis points to 11.75%. The gap between CBR and lending rates rose to a 31-month high.
Surging inflation is forcing auto finance startups to rethink their financing strategies to maintain demand
Auto finance companies in Nigeria are adjusting their strategies to keep demand stable as inflation rises, pushing vehicle prices higher. They are prioritizing financing vehicles in areas of preference and adapting to shifting market conditions and consumer preferences.
