The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%.
The Governor of the CBN, Yemi Cardoso stated this at the press briefing following the 295th MPC meeting of the bank.
Furthermore, the bank retained the Cash Reserve Ratio (CRR) of Deposit Money Banks (DMBs) at 45% and put the Asymmetric corridor around the MPR at +100 and –300 basis points.
Details later…
Human rights lawyer, Dele Farotimi, has condemned the description of former Military President, Ibrahim Badamasi Babangida (IBB)…
The National President of the Afenifere Youth Council, Prince Eniola Ojajuni, has been abducted by…
Human rights lawyer, Deji Adeyanju has threatened to petition various embassies to place visa ban…
No matter how hard Babangida tries to rewrite his own history, the grimness of his…
A former Military President of Nigeria, Ibrahim Badamosi Babangida, has denied any involvement in the…
The Governor of Rivers State, Siminalayi Fubara has stated that God allowed the crisis in Rivers State…