Central Bank of Nigeria Raises Interest By 50 Basis Points 27.25%

At the 297th Monetary Policy Committee (MPC) meeting at the Central Bank of Nigeria (CBN) headquarters in Abuja, governor, Olayemi Cardoso, announced changes to tighten monetary policy further. In a unanimous decision, the MPC announced that the Monetary Policy Rate (MPR), the country’s key interest rate, was raised by 50 basis points to 27.25%, up [...]The post Central Bank of Nigeria Raises Interest By 50 Basis Points 27.25% appeared first on Tekedia.

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