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Nigeria’s Central Bank Raises Benchmark Rate To 26.75%

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Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Fourth rate hike this year aims to combat persistent inflation
  • Economic growth forecast more optimistic than IMF’s projection

Abuja, Nigeria – The Central Bank of Nigeria (CBN) raised its benchmark interest rate for the fourth time this year to a record high of 26.75%, citing persistent inflationary pressures.

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