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BREAKING: CBN cuts interest rate to 23 percent

The Central Bank of Nigeria, CBN, has cut its interest rate to 23 per cent from 26.5 per cent. The CBN Governor, Olayemi Cardoso, disclosed this during a briefing after the 307th Monetary Policy Committee, MPC meeting on Tuesday. Announcing the rate cut, Cardoso said, “The Committee decided as follows: reset the monetary policy rate […] BREAKING: CBN cuts interest rate to 23 percent

BREAKING: CBN cuts interest rate to 23 percent

We haven't written up this one. Daily Post Nigeria has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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CBN cuts interest rate to 23%

“It emphasised that the recalibration of the corridor does not constitute a change in the current monetary policy stance, but rather an operational reset to enhance the effectiveness of monetary…

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