Trending News: I’ll never support Uzodimma to be senate president, says WikeJAMB sacks staff for extorting candidates12 killed in Plateau attacksFlood: 8,000 communities, 4,500 schools at risk – FGNSCDC arrests suspended Niger state commandant, 23 personnel over deaths of 37 ‘illegal’ minersShettima to lead Nigeria’s delegation to 81st UNGA18 Suspects Arrested In Killing Of Haitian PresidentCleric arrested for allegedly abducting 5 girls, impregnating 15-yr-oldRelease more funds to complete medical bills of Onitsha police gun shot victims, CD/HURIDE tells Anambra CPMore Than 1,000 Migrants Rescued Off West Africa In One WeekPeter Obi Cautions Against Violent Campaign As Youths Block Him From Entering BenueAppeal court upholds 490-year jail term for Ex-NEXIM MD Orya over N2.4bn fraudRussia ‘Ready To Negotiate’ — ZelenskyPolice rescue 17 children from interstate child-trafficking syndicate, say six died in custodyExtend palliative measures on Onitsha urban roads, CD/HURIDE tells SoludoSet machineries in motion to conduct election in ASMATA, other Anambra markets, ASMEF tells SoludoOgun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death RowEFCC dismissed over 40 staff for corruption, financial malpractice in three years — ChairmanEXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APCEFCC recovers N1.23tn, $684m in 32 months – OlukoyedeCrude Prices Rise Above $90 Per Barrel On US-Iran StrikesCourt remands Brazil-based Nigerian businessman over ‘importation of cocaine’US Resumes Strikes On Iran Over Strait Of HormuzGunmen kill popular comedian, one other in AnambraGroup Demands End To Checkpoint Extortion In Nigeria’s South-eastNDLEA Arrests Cross-Border Kingpin, Intercepts N6.2bn ‘Jihadi Drug’, Opioids At Lagos AirportAPGA wins all seats in Anambra LGA electionsBandits kill eight farmers, injure five others in Sokoto communityDSS to suspend Sowore cybercrime case till after 2027 electionNepal begins burials as flood death toll rises to 752Nigerian jailed eight years in US for stealing $7.5m from charitiesPolice Arrest 70-Year-Old Man Over Alleged Defilement Of Eight-Year-Old Girl In BauchiNiger Republic says attack on airport attempted coup by mutinous soldiersNepal-China Floods Death Toll Rises To 675, Missing Persons Soar To Nearly 3,000Police rescue two Colombians ‘lured to Nigeria, held against their will by Chinese nationals’Tinubu Files Case In US Court To Block Release Of Alleged Drug Trafficking Record — LawyerTwo Nigerians extradited to US over schemes linked to teenagers’ deathsGunshots, explosions heard at Niger Republic airport, presidential palacePoliceman shoots motorist dead in Rivers, colleagues arrestedSimon Ekpa appeals six-year terrorism sentence in Finland — ReportNepal Flood Death Toll Rises To 547, Over 1,400 People MissingGunmen abduct several NYSC members in Kogi’21 terrorists’ killed as troops raid Boko Haram camp in AdamawaZamfara, Sokoto, Borno top Nigeria’s kidnapping victims — ReportTerrorists kill four, abduct four in Sokoto communityUgandan president’s son, Kainerugaba declares bid to succeed father in 2031RULAAC Calls for Independent Investigation into Allegations of Police Complicity in KidnappingA Fitting Tribute to Chima Ubani: Commendation to Governor Alex OttiIran unable to import petrol amid US blockadeDesperate Families Search For Loved Ones As Nepal Floods Kill At Least 180Meta agrees to pay $18bn settlement over claims its platforms harm childrenPolice arrest seven suspects over ‘N3.6bn crypto, internet fraud’95 Dead, 384 Missing In Deadly Nepal FloodDiphtheria kills ‘over 50’ children in KanoThree vigilantes killed in midnight gun attack in PlateauNigeria’s Black Axe among crime groups targeted in global Interpol crackdown — ReportTrump moves to revoke nearly 200,000 asylum seekers’ visasOPINION: When Those Who Should Speak Choose Silence, Who Will Speak for the Igbo Youth?Binance halts transactions with 17 crypto platforms in Nigeria, UAE, IranTrump Vows Economic War As Iran Threatens To Halt All Oil ExportsFACT-CHECK: No, image does not show Elumelu meeting, reconciling with lady who called him ‘Tony’ in viral video101-year-old great-grandma arrested for selling drugs in sachetsCoordinator of ‘fake’ Made in Nigeria agency shares appointment letter ‘issued by SGF office’Mother, three children killed as fire razes Fulani settlement in YobePublish political donation limits for 2027 elections, SERAP tells INECUS judge strikes down Trump visa ban affecting Nigeria, 74 other countriesGunmen attack Niger mosque, abduct worshippersTinubu constitutes APC 2027 presidential campaign council, names Yari DGICPC uncovers fake agency in OSGFFACT-CHECK: Video of Lagos residents scooping diesel in October 2023, trends againPoor Adoption, Usage Of Nigeria’s FOI Act In South-East Mar ExpectationsFBI says disclosing Tinubu’s records could endanger lives, reveal our techniquesRULAAC commends FCT Police Commissioner for strengthening due process in policing47 dead as boat capsizes in SokotoTerrorists planning to attack Sokoto tertiary institutions – DSSUK warns citizens against travel to 11 Nigerian statesTrump Threatens Economic Punishment On ‘Any Country’ Helping IranAtiku: I will restore petrol subsidy if elected presidentPolice: 60-year-old man killed after hoodlums clashed with Davido’s security team in OsogboFG won’t publish details of $5bn Abu Dhabi loan — OyedelePolice Arrest Suspected Mastermind Of Mangu Attack That Killed 25Tinubu redirects EFCC-recovered funds, unclaimed dividends to student loan schemeGunfire erupts in Osogbo as hoodlums attack Adeleke’s convoyPolice kill two suspected kidnappers, recover arms in AnambraMany tourists feared dead as helicopter crashes in KenyaIran’s armed forces warn Gulf countries against assisting US militaryWike orders demolition of houses built on waterways after FCT floodingOver 20 People Feared Killed In Attack On Plateau CommunityCement cheaper in Kenya, Togo than Nigeria — FCCPC probeWike: I’d have helped Tinubu win Osun if he wanted — Adeleke could do nothingUS lifts 12-year restriction on vessels calling at Nigerian portsNDLEA seizes 184kg of cocaine from Lagos courier firm, arrests socialite KC LuxuryGunmen kill police inspector, seven others in AdamawaIdiaye Emerges Edo Assembly Speaker As Agbebaku ResignsCatholic priest allegedly attacked after Mass in EnuguWoman arrested for stealing newborn in KebbiFrozen Account: I’ve Instructed My Attorney General To Drop Suit Against EFCC — AdelekeGunmen kill residents in attack on Benue communitiesINEC declares Adeleke winner of Osun gov pollAt least 38 dead as 7.7-magnitude earthquake hits Indonesia
Tue. Sep 22nd, 2026
Trending News: I’ll never support Uzodimma to be senate president, says WikeJAMB sacks staff for extorting candidates12 killed in Plateau attacksFlood: 8,000 communities, 4,500 schools at risk – FGNSCDC arrests suspended Niger state commandant, 23 personnel over deaths of 37 ‘illegal’ minersShettima to lead Nigeria’s delegation to 81st UNGA18 Suspects Arrested In Killing Of Haitian PresidentCleric arrested for allegedly abducting 5 girls, impregnating 15-yr-oldRelease more funds to complete medical bills of Onitsha police gun shot victims, CD/HURIDE tells Anambra CPMore Than 1,000 Migrants Rescued Off West Africa In One WeekPeter Obi Cautions Against Violent Campaign As Youths Block Him From Entering BenueAppeal court upholds 490-year jail term for Ex-NEXIM MD Orya over N2.4bn fraudRussia ‘Ready To Negotiate’ — ZelenskyPolice rescue 17 children from interstate child-trafficking syndicate, say six died in custodyExtend palliative measures on Onitsha urban roads, CD/HURIDE tells SoludoSet machineries in motion to conduct election in ASMATA, other Anambra markets, ASMEF tells SoludoOgun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death RowEFCC dismissed over 40 staff for corruption, financial malpractice in three years — ChairmanEXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APCEFCC recovers N1.23tn, $684m in 32 months – OlukoyedeCrude Prices Rise Above $90 Per Barrel On US-Iran StrikesCourt remands Brazil-based Nigerian businessman over ‘importation of cocaine’US Resumes Strikes On Iran Over Strait Of HormuzGunmen kill popular comedian, one other in AnambraGroup Demands End To Checkpoint Extortion In Nigeria’s South-eastNDLEA Arrests Cross-Border Kingpin, Intercepts N6.2bn ‘Jihadi Drug’, Opioids At Lagos AirportAPGA wins all seats in Anambra LGA electionsBandits kill eight farmers, injure five others in Sokoto communityDSS to suspend Sowore cybercrime case till after 2027 electionNepal begins burials as flood death toll rises to 752Nigerian jailed eight years in US for stealing $7.5m from charitiesPolice Arrest 70-Year-Old Man Over Alleged Defilement Of Eight-Year-Old Girl In BauchiNiger Republic says attack on airport attempted coup by mutinous soldiersNepal-China Floods Death Toll Rises To 675, Missing Persons Soar To Nearly 3,000Police rescue two Colombians ‘lured to Nigeria, held against their will by Chinese nationals’Tinubu Files Case In US Court To Block Release Of Alleged Drug Trafficking Record — LawyerTwo Nigerians extradited to US over schemes linked to teenagers’ deathsGunshots, explosions heard at Niger Republic airport, presidential palacePoliceman shoots motorist dead in Rivers, colleagues arrestedSimon Ekpa appeals six-year terrorism sentence in Finland — ReportNepal Flood Death Toll Rises To 547, Over 1,400 People MissingGunmen abduct several NYSC members in Kogi’21 terrorists’ killed as troops raid Boko Haram camp in AdamawaZamfara, Sokoto, Borno top Nigeria’s kidnapping victims — ReportTerrorists kill four, abduct four in Sokoto communityUgandan president’s son, Kainerugaba declares bid to succeed father in 2031RULAAC Calls for Independent Investigation into Allegations of Police Complicity in KidnappingA Fitting Tribute to Chima Ubani: Commendation to Governor Alex OttiIran unable to import petrol amid US blockadeDesperate Families Search For Loved Ones As Nepal Floods Kill At Least 180Meta agrees to pay $18bn settlement over claims its platforms harm childrenPolice arrest seven suspects over ‘N3.6bn crypto, internet fraud’95 Dead, 384 Missing In Deadly Nepal FloodDiphtheria kills ‘over 50’ children in KanoThree vigilantes killed in midnight gun attack in PlateauNigeria’s Black Axe among crime groups targeted in global Interpol crackdown — ReportTrump moves to revoke nearly 200,000 asylum seekers’ visasOPINION: When Those Who Should Speak Choose Silence, Who Will Speak for the Igbo Youth?Binance halts transactions with 17 crypto platforms in Nigeria, UAE, IranTrump Vows Economic War As Iran Threatens To Halt All Oil ExportsFACT-CHECK: No, image does not show Elumelu meeting, reconciling with lady who called him ‘Tony’ in viral video101-year-old great-grandma arrested for selling drugs in sachetsCoordinator of ‘fake’ Made in Nigeria agency shares appointment letter ‘issued by SGF office’Mother, three children killed as fire razes Fulani settlement in YobePublish political donation limits for 2027 elections, SERAP tells INECUS judge strikes down Trump visa ban affecting Nigeria, 74 other countriesGunmen attack Niger mosque, abduct worshippersTinubu constitutes APC 2027 presidential campaign council, names Yari DGICPC uncovers fake agency in OSGFFACT-CHECK: Video of Lagos residents scooping diesel in October 2023, trends againPoor Adoption, Usage Of Nigeria’s FOI Act In South-East Mar ExpectationsFBI says disclosing Tinubu’s records could endanger lives, reveal our techniquesRULAAC commends FCT Police Commissioner for strengthening due process in policing47 dead as boat capsizes in SokotoTerrorists planning to attack Sokoto tertiary institutions – DSSUK warns citizens against travel to 11 Nigerian statesTrump Threatens Economic Punishment On ‘Any Country’ Helping IranAtiku: I will restore petrol subsidy if elected presidentPolice: 60-year-old man killed after hoodlums clashed with Davido’s security team in OsogboFG won’t publish details of $5bn Abu Dhabi loan — OyedelePolice Arrest Suspected Mastermind Of Mangu Attack That Killed 25Tinubu redirects EFCC-recovered funds, unclaimed dividends to student loan schemeGunfire erupts in Osogbo as hoodlums attack Adeleke’s convoyPolice kill two suspected kidnappers, recover arms in AnambraMany tourists feared dead as helicopter crashes in KenyaIran’s armed forces warn Gulf countries against assisting US militaryWike orders demolition of houses built on waterways after FCT floodingOver 20 People Feared Killed In Attack On Plateau CommunityCement cheaper in Kenya, Togo than Nigeria — FCCPC probeWike: I’d have helped Tinubu win Osun if he wanted — Adeleke could do nothingUS lifts 12-year restriction on vessels calling at Nigerian portsNDLEA seizes 184kg of cocaine from Lagos courier firm, arrests socialite KC LuxuryGunmen kill police inspector, seven others in AdamawaIdiaye Emerges Edo Assembly Speaker As Agbebaku ResignsCatholic priest allegedly attacked after Mass in EnuguWoman arrested for stealing newborn in KebbiFrozen Account: I’ve Instructed My Attorney General To Drop Suit Against EFCC — AdelekeGunmen kill residents in attack on Benue communitiesINEC declares Adeleke winner of Osun gov pollAt least 38 dead as 7.7-magnitude earthquake hits Indonesia
Tue. Sep 22nd, 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

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