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BREAKING: CBN Hikes Lending Rate To 18.5 Percent

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BREAKING: CBN Hikes Lending Rate To 18.5 Percent

Published

3 years ago

on

May 24, 2023

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For umpteenth time, Central Bank of Nigeria ( CBN) on Wednesday raised moderately, lending rate by 50 basis point to 18. 5 percent from previous 18 percent position in a bid to curb inflationary pressure .

CBN governor Mr. Godwin Emefiele announced the decision on Tuesday at the end of Monetary policy Committe MPC.

Details later

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