Again, CBN hikes interest rate to 24.75%

The Central Bank of Nigeria (CBN), on Tuesday after the two-day Monetary Policy Committee (MPC) meeting, again, raised its benchmark interest rate again by 200 basis points to 24.75 Percent.

This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja.

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