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Breaking: CBN Raises Interest Rate To 26.75% Again

Rita Elenwo July 23, 2024

Less than a minute

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices.

This announcement was made by CBN Governor, Olayemi Cardoso, after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.

Details soon……

Rita Elenwo July 23, 2024

Less than a minute

Rita Elenwo

Rita Aletor- Elenwo, is a professional journalist with experience in broadcast, print and online reporting. A proud citizen of Edo state, Nigeria (Esan South East Local Government) Rita had her first degree in philosophy from Ebonyi State University (2008), PGD, in Communication from the University of Port Harcourt (2020), and currently in pursuit of an MSC degree in communication. Rita (nee Aletor-) is happily married with lovely children.