CBN (MPC) Raises MPR…see attached details
The Central Bank of Nigeria (CBN), Monetary Policy Committee (MPC) has raised MPR by 400 bps from 18.75% to 22.75%.
...see attached details to clear your doubt
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#MPR
CBN Governor, Shonubi Confirms Increase Of MPR Moderated Inflation
The Central Bank (CBN) Acting Governor, Folashodun Shonubi, has maintained that the decision by the CBN MPC to increase Monetary Policy Rate (MPR) has made a huge difference by moderating inflation.
Shonubi is optimistic that…
See Why CBN Might Raise Interest Rate To 18.5%
Recently, the Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent.
According to the report in March, the MPC of the bank…
Why Banks Announces New Interest On Savings Account
Following the Central Bank of Nigeria (CBN) hike on Monetary Policy Rate (MPR), most of the Nigerian banks has announced new interest rate on savings account.
Access Bank has announced its intention of collecting new interest…