News

CBN retains interest rate at 27.5%

The Central Bank of Nigeria (CBN) has voted to maintain the Monetary Policy Rate (MPR) at 27.5 percent, in a strategic move aimed at consolidating the early gains of recent monetary tightening amid Nigeria’s delicate economic recovery. This decision, announced by CBN Governor Olayemi Cardoso during a press briefing on Tuesday, follows the conclusion of […]