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BREAKING: Nigeria’s Central Bank cuts benchmark interest rate to 11.5%

The Central Bank of Nigeria (CBN) on Tuesday cut its benchmark interest rate to 11.5 percent, from 12.5 percent since May 2020. Godwin Emefiele, CBN governor, announced this at the end of the two-day meeting of the Monetary Policy Committee (MPC) of the central bank. Read also: The upward creeping foreign exchange rates: Blame the CBN…

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