CBN Raises Interest Rate to 27.25% to Curb Inflationary Pressures
The Central Bank of Nigeria increases the monetary policy rate in a bid to stabilize inflation and manage liquidity challenges The Central Bank of Nigeria (CBN) raises interest rate to 27.25%, marking a significant shift in monetary policy as the country grapples with inflationary pressures. The Central Bank’s Monetary Policy Committee (MPC), during its 297th…