CBN raises MPR to 27.50%

CBN raises MPR to 27.50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), to 27.50 percent from the initial 27.25 percent which serves as the benchmark for interest rates in the country. The decision was announced by the CBN Governor, Olayemi Cardoso, during a press briefing on Tuesday following…

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