The Central Bank of Nigeria (CBN), on Tuesday, July 25, 2023, raised the Monetary Policy Rate (MPR), which measures interest rate, from 18.5 percent to 18.75%. Acting CBN Governor, Folashodun Shonubi disclosed this development after the bank’s Monetary Policy Committee (MPC) meeting in Abuja. This is the first decision of the monetary committee since President … Continue reading BREAKING: CBN Raises MPR To 18.75%