Investors have lost over N3 trillion in just one month as CBN had increased the monetary policy rate (MPR)

NIGERIA — The stock market has been hit by the Central Bank of Nigeria’s (CBN) monetary policy tightening, as investors have lost over N3 trillion in just one month. The CBN had increased the monetary policy rate (MPR), otherwise known as the benchmark interest rate, by 200 basis points (bps) to 24.75 per cent on March 26, at the end of its two-day monetary policy committee (MPC) meeting... icirnigeria.org