CBN reduces interest rate to 26.5%. 

…As External Reserves hit $50.4 b …20 banks cross recapitalization threshold, mobilise N4.05 trn Emma Ujah,  Abuja Bureau Chief The Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR), the benchmark interest rate   by 50 basis points from 27 per cent to 26.5 per cent. The Governor of the CBN, Mr. Olayemi Cardoso, disclosed […] The post CBN reduces interest rate to 26.5%.  appeared first on Vanguard News.

By Urowayino Jeremiah