JUST IN: CBN increases interest rate to 18.5%

By Toyibat Ajose On May 24, 2023

The Central Bank of Nigeria (CBN) increased interest rates from 18% to 18.50%.

The apex bank governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja.

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This is the third time in a row that the apex bank has raised the monetary policy rate (MPR), which gauges interest rates.

Details soon….

18.5%cbn Interest Rate

Toyibat Ajose 13987 posts 0 comments

Toyibat is a dedicated and results-driven professional with a strong background in media, education, and communication. Possessing exceptional interpersonal skills, a resourceful and innovative mindset, and a commitment to excellence. Proven ability to adapt quickly, meet targets, and prioritize readers satisfaction. Adept at both journalism and teaching roles, offering a unique blend of skills and experiences. Have over two years experience in Journalism and three years as a teacher. Self driven researcher.

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