Just In: CBN Raises Interest Rate to 27.50%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50% from the previous 27.25%.

CBN Governor, Mr. Olayemi Cardoso, announced the decision during the Monetary Policy Committee (MPC) meeting held in Abuja earlier today.

Further details are expected as the post-MPC meeting briefing continues….

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