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    The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC)

    The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC)
    9/26/2024, 11:29:30 AM

    The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC) has raised the interest rate by 50 basis points to 27.25% following the latest MPC report on Tuesday, 24th of September.

    Key changes:
    Commercial banks’ Cash Reserve Ratio (CRR) up by 500bps to 50%
    Asymmetric corridor now at +500/-100bps.