JUST-IN: CBN Slashes Interest Rate To 27%

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 27.5 percent to 27 percent, marking the first adjustment of the year. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at a press briefing in Abuja, following the conclusion of the Monetary Policy Committee’s (MPC) 302nd meeting. Cardoso explained that the

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