The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 18.75 percent to 22.75 percent. READ ALSO: Kunle Afolayan Dance Moves With Daughter Stirs Reactions Local Govt Chairman Sacked For Diverting Palliatives Lagos Announces 24-Hour Total Closure Of Third Mainland Bridge The regulator announced the rate adjustment at a news conference in Abuja on Tuesday, after the monetray policy committee meeting. The rate hike is the first monetary policy decision made by the committee since Olayemi Cardoso assumed…
Read MoreCBN Increases Interest Rate To 22.75
