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Breaking:CBN Reduces Interest Rate to 23%

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CBN Governor, Olayemi Cardoso

BREAKING: CBN reduces interest rate to 23%

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reset the monetary policy rate (MPR) to 23 percent.

Olayemi Cardoso, CBN’s governor, announced the development at a news conference on Tuesday, following the committee’s 307th meeting in Abuja.

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Breaking:CBN Reduces Interest Rate to 23%

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