National Economy
Saturday, July 26, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Experts Express Concerns Over CBN’s Interest Rate Hike

by Adekunle Munir
1 year ago
in Business, News
Reading Time: 2 mins read
CBN

CBN

Share on FacebookShare on TwitterShare on Telegram

You May Like

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

NiDCOM, FirstBank Launch Diaspora Housing Platform

Financial experts have raised concerns over the recent hawkish monetary policy stance by the Central Bank of Nigeria (CBN), which resulted in a significant increase in the interest rate to 22.75 per cent.
 This move, intended to tackle inflation, has sparked fears of heightened non-performing loans (NPLs) and potential strains on financial stability indicators.
Speaking exclusively to NATIONAL ECONOMY, experts highlighted the potential downsides of the heightened monetary policy rate (MPR) on existing bank loans.
“Many businesses may struggle to meet their loan obligations in the future, potentially leading to an uptick in non-performing loan figures,” said Mr. Mike Eze, Managing Director of Crane Securities Limited.
Eze expressed skepticism about the effectiveness of the CBN’s approach in addressing the root causes of inflation, highlighting factors such as insecurity, currency depreciation, and rising energy costs.
Professor Uche Uwaleke of Nasarawa State University criticized the sharp increase in the MPR, emphasizing its adverse impact on access to credit and the cost of capital for firms.
“While the CBN’s interest rate hike aims to curb inflation, experts raise concerns about its impact on loan obligations, NPL levels, and overall financial stability,” said Eze.
Mr. Olatunde Amolegbe, Managing Director of Arthur Steven Asset Management Limited, viewed the MPR hike as a proactive measure to address inflation. He anticipated increased foreign exchange inflows and enhanced stability in the FX market but cautioned against elevated borrowing costs for corporations, potentially leading to higher NPLs.
“The effectiveness of these measures in addressing underlying inflationary factors remains uncertain, highlighting the need for comprehensive policy responses to stabilize the economy,” added Eze.
Tags: Central Bank of Nigeria (CBN)Financial expertsManaging Director of Arthur Steven Asset Management LimitedManaging Director of Crane Securities Limited.Mr. Mike EzeMr. Olatunde Amolegbe
ShareTweetShare
Previous Post

Customs Intercepts Sacks Of Beans For Illegal Export To Benin Republic

Next Post

FIRS , NCC Oppose New Taxes For Child Online Protection Funding

ANOTHER GOOD READ

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential
Business

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

15 hours ago
NiDCOM, FirstBank Launch Diaspora Housing Platform
Business

NiDCOM, FirstBank Launch Diaspora Housing Platform

16 hours ago
Federal Gov’t Moves To Curb Illicit Financial Flows
Business

Federal Gov’t Moves To Curb Illicit Financial Flows

4 days ago
IMF: Nigeria Must Expand Cash Transfers To Reduce Poverty
Business

IMF’s First DMD Gopinath Quits, Returns To Harvard August

4 days ago
ICT Sector Records 31.6% Growth, Contributes 10% To GDP
Business

ICT Sector Records 31.6% Growth, Contributes 10% To GDP

4 days ago
Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage
News

Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage

4 days ago
Next Post
FIRS , NCC Oppose New Taxes For Child Online Protection Funding

FIRS , NCC Oppose New Taxes For Child Online Protection Funding

Most Recent

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

July 25, 2025
NiDCOM, FirstBank Launch Diaspora Housing Platform

NiDCOM, FirstBank Launch Diaspora Housing Platform

July 26, 2025
Federal Gov’t Moves To Curb Illicit Financial Flows

Federal Gov’t Moves To Curb Illicit Financial Flows

July 22, 2025
IMF: Nigeria Must Expand Cash Transfers To Reduce Poverty

IMF’s First DMD Gopinath Quits, Returns To Harvard August

July 22, 2025
ICT Sector Records 31.6% Growth, Contributes 10% To GDP

ICT Sector Records 31.6% Growth, Contributes 10% To GDP

July 22, 2025
Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage

Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage

July 22, 2025
CBN Unveils New Liquidity Instruments For NIFIs

JUST-IN: 8 Banks Meet New CBN Capital Base Ahead Of 2026 Deadline

July 22, 2025
Dangote Hails Tinubu Over NNPCL Leadership Choice

Refinery: We Imported 150,000 Containers Through Lome Port

July 22, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy