The Central Bank of Nigeria (CBN) has announced a significant increase in the Monetary Policy Rate (MPR), raising it from 22.75 percent to 24.75 percent. The Monetary Policy Rate, which…
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Monetary Policy Rate (MPR)
News
Central Bank of Nigeria Raises Interest Rate to Twenty-Two Point Seven Five Percent, Begins Sales of Dollars to Bureau de Change Operators
by Royal Times of Nigeria
February 28, 2024
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth twenty thousand dollars to each eligible Bureau De Change (BDC) operator across the country. This is…
Business & Economy
Central Bank of Nigeria Raises Interest Rate to Twenty-Two Point Seven Five Percent
by Royal Times of Nigeria
February 27, 2024
The Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate (MPR) to twenty-two point seven five percent, representing four hundred basis points from the…