Central Bank of Nigeria Raises Interest Rates to Tackle Soaring Inflation – Here are all the details

In response to Nigeria’s mounting inflationary pressures, the Central Bank of Nigeria (CBN) has recently announced a decision to raise the monetary policy rate (MPR) from 18 percent to 18.5 percent. This move comes as the country grapples with a surge in food prices, leading to an inflation rate of 22.22 percent. As a fundamental... Read More