BusinessNewsNigeriaCBN Cuts Interest Rate to 26.50% As Inflation Continues to Drop
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27 per cent to 26.50 per cent. The announcement was made following the apex bank’s 304th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. CBN Governor Olayemi Cardoso said the decision was unanimous among all members of the MPC. “The committee decided to reduce the monetary policy rate by 50 basis points to...









