Just In: CBN MPC retains interest rate at 11.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained interest rates at 11.5 per cent. The apex bank disclosed this on Monday during the MPC meeting in Abuja. It noted that pushing borrowing costs to restrictive levels will not favour Nigeria’s economic recovery from the Covid-19 pandemic. Nigeria’s inflation is … Continue reading Just In: CBN MPC retains interest rate at 11.5%