Economy
BREAKING: CBN raises interest rate to 13.5%
The Central Bank of Nigeria has raised the interest rate to 13.5 per cent..
![](https://edujandon.com/wp-content/uploads/2022/05/1000x-1-e1561369674846.jpg)
The CBN Governor, Godwin Emefiele, announced this on Tuesday while addressing the reporters after the Monetary Policy Committee meeting in Abuja.
Justifying the raise, Emefiele said the MPC is suspicious “there might be an aggressive accretion of inflation”.
To prevent the looming inflation, he said, the MPC had to increase the monetary policy rate by 150 basis points.
-
Celebrity Gossip & Gist2 days ago
“When you talk finish, you hug transformer” – Yul Edochie tells Judy Austin’s ex-husband over his allegation
-
Health2 days ago
‘Stunning’ – Experts react to new twice-yearly injection that offers 100% protection against HIV/AIDS
-
News2 days ago
“9ja to the Universe” – Oyinbo people raise eyebrows as they dance to viral ‘Gwo gwo gwo ngwo’ challenge (Video)
-
News1 day ago
Tinubu meets APC governors as nationwide protest against hardship looms (Video)