The Central Bank of Nigeria’s Monetary Policy Committee has increased interest rates by 150 basis points, raising them from 24.75 percent in March to 26.25 percent. This move aims to address the country’s rising inflation. CBN Governor Olayemi Cardoso announced the rate hike on Tuesday during the 295th MPC press briefing in Abuja. He stated … Continue reading Central Bank Of Nigeria Raises Interest Rates To 26.25% Amidst Surging Inflation