JUST IN: CBN Retains Interest Rate At 27.5%

Sanctions Imminent As CBN Uncovers FX Forward Contract Irregularities Sanctions Imminent As CBN Uncovers FX Forward Contract Irregularities

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has again retained the Monetary Policy Rate (MPR) steady at 27.5%.

Gatekeepers News reports that Olayemi Cardoso, Governor of CBN, announced this during a press conference on Tuesday after the panel’s 300th meeting in Abuja.

This is a developing story…