We will not change the January 31st deadline for Old Naira Notes – Emefiele

In order to combat inflation, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 16.5% to 17.5%. This was stated by CBN Governor Godwin Emefiele on Tuesday in Abuja, following a Monetary Policy Committee (MPC) meeting. The MPC increased the monetary policy rate by 100 basis points to 17.5% and... Read More