The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 14%.
The Chairman of the committee and Governor of CBN, Godwin Emefiele, disclosed this on Tuesday during a post-MPC briefing in Lagos.
The interest rate, which was pegged at 11.5% for over two years, was raised to 13% in May to tackle rising inflation, according to Emefiele.
Dam collapses, death toll rises in Brazil floods A hydroelectric dam has collapsed in southern Brazil…
Repentant Boko Haram members burn NDLEA, Customs checkpoints in Borno A group of suspected repentant Boko Haram…
Lagos GDP hits N41tn, earns N433bn from IGR According to Ope George, Commissioner for Economic Planning…
Police identify officer who shot man dead at fuel station The Police Command in Lagos State…
US students slam Biden’s comments on Gaza encampments President Joe Biden says “order must prevail”…
Gaza: Police arrest 2,000 pro-Palestine protesters on US campuses Police have arrested more than 2,000 people during…