Trending News: DSS orders probe of operatives who dragged Sowore out of courtUS Congress Passes Symbolic Iran War Rebuke To TrumpFACT-CHECK: Did Davido threaten legal action against music star who criticised him?Three Nigerian BDCs listed as US names entities ‘linked to ISIS financing’Oyo Govt Declares 16-Hour Curfew In 10 LGAsRivers seals six healthcare facilities over alleged illegal operationsI don’t see the hunger Nigerians complain about — PresidencyUS designates Nigerian, others as ISIS financiersRULAAC slams DSS over alleged abduction of Sowore inside courtroomCourt remands Sowore in Kuje prisonGunmen kill 18 in fresh Plateau attacksWe’re ready for talks or war with govt – TurjiUK PM Keir Starmer resignsS’Korea ex-justice minister jailed 25 years over martial law disasterBello Turji’s fighters undergoing weapons training in Sokoto – ReportINEC Declares APC’s Oyebanji Winner Of Ekiti Gov ElectionIran Closes Hormuz Again Over Israel Renewed Strikes On LebanonSix dead, many stranded after multi-vehicle crash on Lagos-Ibadan expresswaySwitzerland says US, Iran peace talks postponedNDC disowns candidates’ list circulating on social mediaM-East war: US lifts Iranian ports’ blockade as deal comes into forceOkpebholo Threatens To Sign Death Warrants For CriminalsBanditry, farmer-herder clashes worsening poverty in North — StudyCritics Of Iran Deal Are ‘Fools’, Says TrumpNursing student found dead in Anambra apartment, landlord arrestedTwo Nigerians detained in Libya over social media postsUAE Announces Social Media Ban For Under-15sOil prices sink further as Trump signs deal to reopen HormuzGunfire Erupts Near Niger’s Capital AirportSoldier kills’ driver transporting diesel on Ondo highwayTAKE A LOOK: What’s inside the US-Iran peace dealOkpebholo Accuses Some Edo Residents Of Collaborating With CriminalsMan sentenced to death for raping minor in CalabarNBC Loses As Appeal Court Upholds Ban On Broadcast FinesJUST IN: London court acquits Diezani of bribery chargesPolice arrest two over killing of 33-year-old woman in AnambraFACT-CHECK: How AI-generated image was used to depict false story of arrested kidnappers in Abia Nine killed, 11 injured in attack on Kaduna communityUK-based Nigerian who tried to rape drunk woman jailed five years, to be deportedPolice: How newborn was sold for N2.5m in Lagos hospitalCourt sentences man to death for kidnapping, killing his neighbour in KogiThree police officers killed as IED explodes on Zamfara roadFUOYE suspends deputy dean, SUG president over alleged extortion of studentGunmen kill three security operatives in NIPSS attackAppeal court faults judge, stays judgment ordering ADC, Accord deregistrationObi: I’ll negotiate with bandits willing to embrace peace150 terrorists convicted in 48 hours, says AGFCourt sentences woman to death for transporting ammunition to bandit kingpin in ZamfaraMilitary rescues wife of late ex-defence spokesman abducted by banditsCourt Orders Deregistration Of ADC, Accord, Three Others Over Constitutional BreachFG Orders Marketers To Increase Cooking Gas ImportsPolice arrest two for producing fake alcoholic drinks in AnambraNigeria’s inflation rose to 15.93% in May – NBSADC announces Amaechi as Atiku’s running matePolice arrest four suspects over separate cases of murder, child abuse in AnambraOil price drops to $82/barrel after US, Israel, Iran agree to end warUK to ban social media access for children under 16APO SIX @ 21: A Painful Reminder of the Cost of ImpunityArmy, Other Security Agencies Arrest 46 Suspected Illegal Immigrants In OgunPeace Deal: US To Release $12bn In Frozen Assets To IranStrait of Hormuz to be reopened as US, Iran reach peace dealSERAP sues NNPC over alleged N5.9bn rebranding expenditureGeneral Rabe was not diabetic, son disputes govt’s claimGunmen kidnap Ondo traditional ruler11 burial guests feared dead in Benue boat accidentBandits kill three, burn houses in Niger — PoliceNigerian gov promises houses, grants for terrorists who repentBandits kill 20 in Kebbi communityAnambra based pastor arrested for allegedly converting 75 women as wivesKemi Badenoch: Nigeria is an oil producing country but never had electricityMan hangs self in OgunTrump: US-Iran deal will be signed Sunday, Strait of Hormuz to reopen immediatelyInsurgents sets schools on fire in BornoBandits kill 17 farmers, injure others in Zamfara communityTwo Kogi varsity students arrested for killing 300-level studentIran’s Late Supreme Leader Ali Khamenei To Be Buried July 9Ex-Nigerian Army spokesperson dies in custody of terrorists, but govt claims ‘it’s a natural death’No reason to keep Nnamdi Kanu in detention, says ObiSecurity agencies arrest six wanted ‘criminals involved in killing of police officers’ in EnuguNigerian inmates in Ethiopia jubilate as FG seals transfer agreementNigeria’s Defence Minister Says ’Only God Can End Insecurity’Bandits abduct villagers in fresh attack on Kwara communitiesSouth Africa to charge FG for cost of deporting NigeriansPolice Arrest Man Over Alleged False Alarm On Bandits Invasion In EbonyiLocal informants fueling terror operations – Defence ministerDickson meets Obi, says NDC crisis fully resolvedNigerian govt continues to pardon ‘repentant terrorists’Iran insists on nuclear enrichment under any deal with USEdo reopens schools shut over security threatJune 12, Democracy Day: Anything to Celebrate?FULL TEXT: Tinubu’s 2026 Democracy Day speechTinubu confers national honours on Joe Igbokwe, Richard Akinnola, 48 others NigeriansBandits, Kidnappers, Sponsors of Terror: Surrender or face full force of State, Tinubu warnsCBN bans linked financial entities from extending loans to each otherPapiri School Abduction: Court Sentences Five Linked To Attack To 25 Years ImprisonmentJune 12: FG Declares Friday Public HolidayTrump Cancels Scheduled Bombings Against IranSenate asks security agencies to track, arrest bandits flaunting activities on TikTokTrump vows to take Iran oil terminals, launch new strikes tonightUS to track health data, increase surveillance under $2bn deal with Nigeria
Wed. Jun 24th, 2026
Trending News: DSS orders probe of operatives who dragged Sowore out of courtUS Congress Passes Symbolic Iran War Rebuke To TrumpFACT-CHECK: Did Davido threaten legal action against music star who criticised him?Three Nigerian BDCs listed as US names entities ‘linked to ISIS financing’Oyo Govt Declares 16-Hour Curfew In 10 LGAsRivers seals six healthcare facilities over alleged illegal operationsI don’t see the hunger Nigerians complain about — PresidencyUS designates Nigerian, others as ISIS financiersRULAAC slams DSS over alleged abduction of Sowore inside courtroomCourt remands Sowore in Kuje prisonGunmen kill 18 in fresh Plateau attacksWe’re ready for talks or war with govt – TurjiUK PM Keir Starmer resignsS’Korea ex-justice minister jailed 25 years over martial law disasterBello Turji’s fighters undergoing weapons training in Sokoto – ReportINEC Declares APC’s Oyebanji Winner Of Ekiti Gov ElectionIran Closes Hormuz Again Over Israel Renewed Strikes On LebanonSix dead, many stranded after multi-vehicle crash on Lagos-Ibadan expresswaySwitzerland says US, Iran peace talks postponedNDC disowns candidates’ list circulating on social mediaM-East war: US lifts Iranian ports’ blockade as deal comes into forceOkpebholo Threatens To Sign Death Warrants For CriminalsBanditry, farmer-herder clashes worsening poverty in North — StudyCritics Of Iran Deal Are ‘Fools’, Says TrumpNursing student found dead in Anambra apartment, landlord arrestedTwo Nigerians detained in Libya over social media postsUAE Announces Social Media Ban For Under-15sOil prices sink further as Trump signs deal to reopen HormuzGunfire Erupts Near Niger’s Capital AirportSoldier kills’ driver transporting diesel on Ondo highwayTAKE A LOOK: What’s inside the US-Iran peace dealOkpebholo Accuses Some Edo Residents Of Collaborating With CriminalsMan sentenced to death for raping minor in CalabarNBC Loses As Appeal Court Upholds Ban On Broadcast FinesJUST IN: London court acquits Diezani of bribery chargesPolice arrest two over killing of 33-year-old woman in AnambraFACT-CHECK: How AI-generated image was used to depict false story of arrested kidnappers in Abia Nine killed, 11 injured in attack on Kaduna communityUK-based Nigerian who tried to rape drunk woman jailed five years, to be deportedPolice: How newborn was sold for N2.5m in Lagos hospitalCourt sentences man to death for kidnapping, killing his neighbour in KogiThree police officers killed as IED explodes on Zamfara roadFUOYE suspends deputy dean, SUG president over alleged extortion of studentGunmen kill three security operatives in NIPSS attackAppeal court faults judge, stays judgment ordering ADC, Accord deregistrationObi: I’ll negotiate with bandits willing to embrace peace150 terrorists convicted in 48 hours, says AGFCourt sentences woman to death for transporting ammunition to bandit kingpin in ZamfaraMilitary rescues wife of late ex-defence spokesman abducted by banditsCourt Orders Deregistration Of ADC, Accord, Three Others Over Constitutional BreachFG Orders Marketers To Increase Cooking Gas ImportsPolice arrest two for producing fake alcoholic drinks in AnambraNigeria’s inflation rose to 15.93% in May – NBSADC announces Amaechi as Atiku’s running matePolice arrest four suspects over separate cases of murder, child abuse in AnambraOil price drops to $82/barrel after US, Israel, Iran agree to end warUK to ban social media access for children under 16APO SIX @ 21: A Painful Reminder of the Cost of ImpunityArmy, Other Security Agencies Arrest 46 Suspected Illegal Immigrants In OgunPeace Deal: US To Release $12bn In Frozen Assets To IranStrait of Hormuz to be reopened as US, Iran reach peace dealSERAP sues NNPC over alleged N5.9bn rebranding expenditureGeneral Rabe was not diabetic, son disputes govt’s claimGunmen kidnap Ondo traditional ruler11 burial guests feared dead in Benue boat accidentBandits kill three, burn houses in Niger — PoliceNigerian gov promises houses, grants for terrorists who repentBandits kill 20 in Kebbi communityAnambra based pastor arrested for allegedly converting 75 women as wivesKemi Badenoch: Nigeria is an oil producing country but never had electricityMan hangs self in OgunTrump: US-Iran deal will be signed Sunday, Strait of Hormuz to reopen immediatelyInsurgents sets schools on fire in BornoBandits kill 17 farmers, injure others in Zamfara communityTwo Kogi varsity students arrested for killing 300-level studentIran’s Late Supreme Leader Ali Khamenei To Be Buried July 9Ex-Nigerian Army spokesperson dies in custody of terrorists, but govt claims ‘it’s a natural death’No reason to keep Nnamdi Kanu in detention, says ObiSecurity agencies arrest six wanted ‘criminals involved in killing of police officers’ in EnuguNigerian inmates in Ethiopia jubilate as FG seals transfer agreementNigeria’s Defence Minister Says ’Only God Can End Insecurity’Bandits abduct villagers in fresh attack on Kwara communitiesSouth Africa to charge FG for cost of deporting NigeriansPolice Arrest Man Over Alleged False Alarm On Bandits Invasion In EbonyiLocal informants fueling terror operations – Defence ministerDickson meets Obi, says NDC crisis fully resolvedNigerian govt continues to pardon ‘repentant terrorists’Iran insists on nuclear enrichment under any deal with USEdo reopens schools shut over security threatJune 12, Democracy Day: Anything to Celebrate?FULL TEXT: Tinubu’s 2026 Democracy Day speechTinubu confers national honours on Joe Igbokwe, Richard Akinnola, 48 others NigeriansBandits, Kidnappers, Sponsors of Terror: Surrender or face full force of State, Tinubu warnsCBN bans linked financial entities from extending loans to each otherPapiri School Abduction: Court Sentences Five Linked To Attack To 25 Years ImprisonmentJune 12: FG Declares Friday Public HolidayTrump Cancels Scheduled Bombings Against IranSenate asks security agencies to track, arrest bandits flaunting activities on TikTokTrump vows to take Iran oil terminals, launch new strikes tonightUS to track health data, increase surveillance under $2bn deal with Nigeria
Wed. Jun 24th, 2026

CBN orders banks to pay 10%of MPR as interest on savings deposit


The Central Bank of Nigeria (CBN) has ordered banks to henceforth pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest rate on savings deposit.

The MPR is the benchmark interest rate of the CBN and it is presently 12.5 per cent. This implies bank customers will now get 1.25 per cent as a minimum interest rate on their savings deposit.

The apex bank announced the peg in a directive to banks signed by Bello Hassan, Director of Banking Supervision, CBN.

“All deposit money banks are hereby informed that effective September 1, 2020, interest on local currency savings deposit shall be negotiated subject to a minimum of 10percent of Monetary Policy Rate (MPR)”, the CBN said.

    • Pascal Arogorn Ibe

    Related Posts

    FG Orders Marketers To Increase Cooking Gas Imports
    FG Orders Marketers To Increase Cooking Gas Imports

      The Federal Government said it has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify engagement with gas producers, marketers, and other stakeholders to boost importation…

    Continue reading
    Oil price drops to $82/barrel after US, Israel, Iran agree to end war
    Oil price drops to $82/barrel after US, Israel, Iran agree to end war

      Global crude oil price dropped to $82 a barrel on Monday as the United States, Israel, and Iran reached a deal to end the Middle East war on all…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    News

    DSS orders probe of operatives who dragged Sowore out of court

    • By admin
    • June 24, 2026
    • 2 views
    DSS orders probe of operatives who dragged Sowore out of court
    News

    US Congress Passes Symbolic Iran War Rebuke To Trump

    • By admin
    • June 24, 2026
    • 2 views
    US Congress Passes Symbolic Iran War Rebuke To Trump
    FACTCHECK

    FACT-CHECK: Did Davido threaten legal action against music star who criticised him?

    • By admin
    • June 24, 2026
    • 3 views
    FACT-CHECK: Did Davido threaten legal action against music star who criticised him?
    Terrorism

    Three Nigerian BDCs listed as US names entities ‘linked to ISIS financing’

    • By admin
    • June 24, 2026
    • 4 views
    Three Nigerian BDCs listed as US names entities ‘linked to ISIS financing’
    Insecurity

    Oyo Govt Declares 16-Hour Curfew In 10 LGAs

    • By admin
    • June 24, 2026
    • 5 views
    Oyo Govt Declares 16-Hour Curfew In 10 LGAs
    Health

    Rivers seals six healthcare facilities over alleged illegal operations

    • By admin
    • June 24, 2026
    • 5 views
    Rivers seals six healthcare facilities over alleged illegal operations