- Central Bank raises benchmark interest rate to 26.25% to combat record inflation.
- Measures aim to stabilise the naira and attract foreign investors.
Lagos, Nigeria – Nigeria’s benchmark interest rate was increased to 26.25% on Tuesday, marking the third hike this year by the Central Bank’s Monetary Policy Committee (MPC) in its efforts to control record inflation.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
