National Economy
Wednesday, July 2, 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

ECS: NSITF Compensates 2 Beneficiaries With N23m

Tinubu Seeks Visa Waiver Deal With OECS Countries

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

ECS: NSITF Compensates 2 Beneficiaries With N23m
News

ECS: NSITF Compensates 2 Beneficiaries With N23m

11 hours ago
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy
News

Tinubu Seeks Visa Waiver Deal With OECS Countries

11 hours ago
Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist
News

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

2 days ago
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   
News

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

2 days ago
KEDCO To Commission  N1.1bn Dawanau Network Expansion Project
News

KEDCO To Commission N1.1bn Dawanau Network Expansion Project

2 days ago
Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia
News

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

2 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

ECS: NSITF Compensates 2 Beneficiaries With N23m

ECS: NSITF Compensates 2 Beneficiaries With N23m

July 1, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

Tinubu Seeks Visa Waiver Deal With OECS Countries

July 1, 2025
Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

June 30, 2025
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

June 30, 2025
17 States Confirm Plans To Host Olympic Day

17 States Confirm Plans To Host Olympic Day

June 30, 2025
NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

June 30, 2025
We Are Ready To Host CAA U18/U20 Championships – LOC

We Are Ready To Host CAA U18/U20 Championships – LOC

June 30, 2025
PFL  Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

PFL Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

June 30, 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