April 18, 2026

Daily Scoop NG

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CBN raises benchmark MPR by 200 basis points to 24.75%

The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.

This was disclosed by the Governor of the CBN who doubles as the Chairman of the MPC at the end of the 294th MPC meeting held in Abuja.  

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