The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points, to 27.25 percent from 26.75 percent. Yemi Cardoso, Governor of the Central Bank of Nigeria, made the announcement on Tuesday in Abuja while reading the communiqué from the MPC’s 297th meeting. Cardoso … Continue reading CBN Increases Benchmark Interest Rate To 27.25%