CBN raises interest rates to 14 per cent
The Central Bank of Nigeria, CBN has raised the interest rate to 14 per cent from 13.5 per cent.
The raise is the second increase in the interest rate this year.
The CBN Governor, Mr Godwin Emefiele, announced the increase on Tuesday, 19 July 2022 while speaking with reporters after the Monetary Policy Committee (MPC) meeting in Lagos.
Details later…
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