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Experts Divided on Nigeria’s New Interest Rate Increase

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • CBN raises key interest rate to 26.25% to combat persistent inflation.
  • Analysts express mixed reactions, highlighting impacts on investment and economic growth.

 

Abuja, Nigeria – The Central Bank of Nigeria (CBN) on Tuesday raised its key interest rate from 24.75% by 150 basis points to 26.25%, aiming to curb ongoing inflationary pressures and achieve price stability.

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