The Central Bank of Nigeria (CBN) Monetary Policy Committee has raised the interest rate by 50 basis points, from 26.25% to 26.75% amid surging inflation. CBN Governor, Olayemi Cardoso, announced this at the end of the apex bank’s 296th MPC meeting held in Abuja on Tuesday, July 23. The...
Just In: CBN raises interest rate to 26.75% amid surging inflation
