The Central Bank of Nigeria’s (CBN) increase of its key interest rate for the seventh-consecutive time in the last year to curb inflation will affect Nigerians in various ways. The CBN’s Monetary Policy Committee (MPC) on Tuesday raised the Monetary Policy Rate (MPR) to a 22-year high of 18.75 percent even as its previous rate […]
read more Here’s how hikes in MPR affect your finances…
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