Again, CBN raises interest rate

The Central Bank of Nigeria has again raised its benchmark lending rate to 27.25 per cent from 26.75 per cent on Tuesday.

The apex bank’s monetary policy committee (MPC) said the decision was taken to ensure a continuous decline in inflation levels.

CBN Governor Olayemi Cardoso disclosed this while addressing journalists at the end of a two-day Monetary Policy Committee (MPC) meeting held in Abuja.

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