JUST IN: CBN Raises Interest Rate To 17.5%

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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