Nigeria’s Central Bank Reduces Interest Rate To 27%
The CBN had previously raised the MPR in November 2024 from 27.25% to 27.50%, making borrowing costlier. The increase was aimed at curbing inflation and supporting the naira. The Central Bank of Nigeria has reduced the Monetary Policy Rate (MPR) to 27%. Announcing the update on Tuesday, the CBN said, “The Monetary Policy Committee (MPC) […]
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