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BREAKING: CBN cuts interest rate to 23 percent

BREAKING: CBN cuts interest rate to 23 percent
Photo: Daily Post Nigeria · view original

The Central Bank of Nigeria, CBN, has cut its interest rate to 23 per cent from 26.5 per cent. The CBN Governor, Olayemi Cardoso, disclosed this during a briefing after the 307th Monetary Policy Committee, MPC meeting on Tuesday. Announcing the rate cut, Cardoso said, “The Committee decided as fo...

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