Central Bank of Nigeria Reduces Monetary Policy Rate by 50 Basis Points to 26.5 Percent to Stimulate Economic Activity Across Nigeria

[»] Jump to Summary... The Central Bank of Nigeria (CBN) has announced a reduction in the Monetary Policy Rate (MPR) from 27% to 26.5%, a move aimed at stimulating economic activity. The decision was confirmed by CBN Governor Olayemi Cardoso following a meeting of the bank’s Monetary Policy Committee on Tuesday. This is part of

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