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We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.
Central Bank of Nigeria Retains Interest Rate At 11.5%
Africa Podcast Network
3 years ago
Central Bank of Nigeria Retains Interest Rate At 11.5%
The Central Bank of Nigeria’s Monetary Policy Committee retained the Monetary Policy Rate at 11.5% and kept all other parameters unchanged. CBN Governor Godwin Emefiele made the announcement while addressing journalists at the bank’s headquarters in Abuja. Lowering the rate could have stimulated more borrowing while raising the rate could have signalled the CBN’s intention to reduce the economy’s money supply.
Africa Podcast Network
We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.
