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Mon Jun 02 2025 16:46:30 GMT+0000 (Coordinated Universal Time)

Central Bank of Nigeria has increased interest rate from 15.5 to 16.5 per cent...

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Published (Updated) on Tuesday, November 22, 2022

Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has voted to raise MPR by 100 basis points from 15.5% to 16.5%.

MPC, however retains Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0% and Asymmetry Corridor at +100/-700 basis points around the MPR...
Source: CBN
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