CBN hikes lending rate to 18.5 percent

For umpteenth time, Central Bank of Nigeria, CBN, has raised moderately,  lending rate by 50 basis point to 18. 5 percent from previous 18 percent position in a bid to curb inflationary pressure .

CBN governor Mr. Godwin Emefiele announced the decision on Tuesday at the end of Monetary policy Committee, MPC.


Leave a Reply

Your email address will not be published. Required fields are marked *

What do you think?


Written by Jude Diugwu

Years Of MembershipStory MakerContent Author

Nine TCN towers collapse, as Abeokuta thrown into darkness

Oyebanji presents N325m to 23 communities for grassroots development