Central Bank of Nigeria

Kila and other Experts Fault CBN’s 14% Interest Rate Hike, Tightening Measure

Experts have said the 14 per cent interest rate by the Central Bank of Nigeria (CBN) will worsen the country’s economy rather than control inflation. CBN on Tuesday raised the Monetary Policy Rate (MPR), known as the interest rate, by 100 basis points to 14 per cent, thereby tightening its monetary policy measures. After its […]

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