By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) on Tuesday raised the monetary policy rate to 18.75 per…
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Prof Uche Uwaleke, said the hike in the MPR by another 100 basis points to 17.5% is not cheering news for struggling businesses in Nigeria and for output growth in general.
The CBN said previous increases were beginning to yield results and there was need to keep tightening. It tightened by 100 basis points.