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Cryptopolitan 2024-02-27 21:50:17

Central Bank of Nigeria raises interest rate—here’s why

The Central Bank of Nigeria (CBN) has announced an increase in the interest rate to 22.75%. This adjustment was disclosed following the conclusion of the Monetary Policy Committee (MPC) meeting, which spanned two days. The session, which took place between Monday and Tuesday, aimed at reviewing the nation’s economic landscape and implementing measures to stabilize

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