Tag: NigeriaEconomy
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The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC)
The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC) has raised the interest rate by 50 basis points to 27.25% following the latest MPC report on Tuesday, 24th of September. Key changes:Commercial banks’ Cash Reserve Ratio (CRR) up by 500bps to 50%Asymmetric corridor now at +500/-100bps.