The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate to 27 per cent, down from 27.5 per cent in July, in its latest effort to stabilise the economy. Naija News reports that the Committee also announced fresh adjustments to banks’ cash reserve obligations. Commercial banks will now operate […]
The post BREAKING: CBN Cuts Interest Rate To 27%, Adjusts Banks’ Cash Reserve appeared first on Naija News.
