Central Bank of Nigeria (CBN) Raises Interest Rate by 50 basis points to 26.75%

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the interest rate by 50 basis points, raising it from 26.25% to 26.75%. This decision was announced by the CBN Governor, Mr. Olayemi Cardoso, at the conclusion of the apex bank’s 296th MPC meeting held in Abuja. Alongside the interest rate hike, the [...]The post Central Bank of Nigeria (CBN) Raises Interest Rate by 50 basis points to 26.75% appeared first on Tekedia.

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