The Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), has raised the interest rate by 25 basis points to 27.50%, according to the latest MPC report released on Tuesday, 26th November.

Key Implication:
The cost of borrowing remains high as part of efforts to tame inflation.

CBN #MPC #FinancialUpdate #MonetaryPolicy #NigeriaEconomy