BREAKING: CBN raises interest rate to 26.75% amid surging inflation

The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, on Tuesday raised the interest by 50 basis points to 26.75 per cent from 26.25 per cent in May 2024. CBN governor, Olayemi Cardoso, announced this at a press briefing on Tuesday at the end of the two-day 296th MPC in Abuja. According to him, [...]BREAKING: CBN raises interest rate to 26.75% amid surging inflation

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