CBN Raises Interest Rate For Sixth Time In 2024, Now 27.50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) for the sixth time in 2024 at the end of its meeting in Abuja today. The monetary policy rate was increased by 25 basis points to 27.50 per cent in November from 27.25 per cent in […]