CBN raises Monetary Policy Rate to 18.50%

The Central Bank of Nigeria (CBN) has increased the interest rate from 18% to 18.5%. The CBN governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja. Mr Emefiele, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR. Source: CBN […]