How CBN raised interest rates by 850 basis points in 7 months

Experts warn against further tightening The Central Bank of Nigeria, under the leadership of Olayemi Cardoso, has continued to raise interest rates, otherwise known as Monetary Policy Rates (MPR), which is the benchmark rate for borrowing by commercial banks in the country. Daily Trust reports that President Tinubu appointed Olayemi Cardoso as the CBN [...]

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