CBN Cuts Interest Rate To 27% As Inflation Declines For Fifth Month

CBN has cut interest rate to 27% as inflation declined for fifth month. NewsOnline Nigeria reports that the Central Bank of Nigeria’s Monetary Policy Committee (MPC) on Tuesday reduced the benchmark interest rate from 27.5 percent to 27 percent, marking the first cut since May 2023. CBN Governor, Olayemi Cardoso, announced the decision at the

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