26 March 2024 2:44 pm WAT
By
David
From Adanna Nnamani, Abuja
The Central Bank of Nigeria (CBN) has raised the interest rate to 24.75 per cent from 22.75 per cent.
The CBN governor, Olayemi Cardoso disclosed this at a press briefing held after the apex bank’s
Monetary Policy Committee (MPC) meeting on Tuesday.
The new interest rate moved from the 22.75 per cent announced by the MPC about a month ago, indicating a second rare increase by the committee in two months.
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