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CBN Raises Benchmark MPR By 200 Basis Points To 24.75%  

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CBN Raises Benchmark MPR By 200 Basis Points To 24.75%  

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The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.  

This was disclosed by the Governor of the CBN who doubles as the Chairman of the MPC at the end of the 294th MPC meeting held in Abuja.  

 

This is a developing story 



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