News Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria on Wednesday retained all major monetary policy parameters at its 305th meeting, keeping the benchmark interest rate unchanged. According…
Tag: 26.5%
CBN cuts interest rate — lowest since May 2024
THE monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate (MPR) from 27 percent to 26.5 percent. Olayemi Cardoso, CBN’s governor, announced the rate…