The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5% to 17.5 percent.
The CBN Governor, Godwin Emefiele announced this in Abuja on Tuesday, January 24, 2023, following the apex bank’s Monetary Policy Committee (MPC) meeting.
JUST IN: CBN Raises Interest Rate To 17.5%
This is the fifth time the CBN would increase the interest rate.
Source: Pulse
