The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has moderately hiked monetary policy rates to 18.75 per cent, acting Governor, Mr. Folashodun Shonubi said on Tuesday at the press briefing at the end of the 292nd MPC meeting. In its last MPC meeting, CBN tightened the economy by raising the interest rate to 18.5 per cent. “The …

Some financial experts have called on the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to adopt a more realistic approach to its policy decisions. The MPC moved the benchmark interest to 13 per cent, 150 basis points above the previous rate three months ago. It is the first change since September 2020. Reading the communique of …