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CBN moves to check inflation, raises interest rate to 14% - MegaIcon Magazine
Nigeria’s apex bank - the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent. The apex bank governor, Mr. Godwin Emefiele made this known on Tuesday during the 286th meeting of the Monetary Policy Committee held in Lagos. Emefiele said it was the right option considering