CBN retains interest rate, warns against second lockdown

THE Central Bank of Nigeria (CBN), on Tuesday, retained the monetary policy rate (MPR), which is the benchmark interest rate in the country, at 11.5 percent. The MPR was first reduced from 12.5 percent to 11.5 percent after the Monetary Policy Committee (MPC) meeting in September 2020.Rising from the first MPC meeting in 2021 on … Continue reading CBN retains interest rate, warns against second lockdown