CBN Increases Interest Rate To 16.5% To Curb Inflation

The Central Bank of Nigeria increased its benchmark lending rate on Tuesday to 16.5% in an ongoing effort to curb inflation and relieve pressure on the naira. Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), made this known at the end of the Monetary Policy Committee meeting in Abuja. The CBN said previous []The post CBN Increases Interest Rate To 16.5% To Curb Inflation appeared first on Information Nigeria.
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