CBN raises lending rate by 50 basis point
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has announced an increase in Monitory Policy Rate by 50 basis points which raises the percentage from 26.75 percent to 27.25 percent. The Central Bank Governor, Mr. Olayemi Cardoso made this announcement on Tuesday after the two day Monetary Policy Committee (MPC) meeting in Abuja. This…