Nigeria's leading finance and market intelligence news report.

Nigeria’s central bank holds monetary policy rate at 11.5% amid recession

The Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR) unchanged at 11.5 percent after the two-day Monetary Policy Committee (MPC) meeting in Abuja. This comes not as a surprise as analysts in the financial services sector had expected a hold following an uptick in inflation rate and weak growth that…

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