Nigeria's central bank cut its benchmark interest rate from 13 percent to 11 percent on Tuesday, governor Godwin Emefiele said.
Benchmark interest rate reduced from 13 to 11% - Governor
The bank's monetary policy committee had also decided to cut the cash reserve ratio from 25 percent to 20 percent, the CBN governor said
The bank's monetary policy committee had also decided to cut the cash reserve ratio from 25 percent to 20 percent, he said.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
Gov inaugurates 2nd phase of palliative distribution to poor Enugu residents
Flight Dispatchers fault Keyamo's order to suspend Dana Air over landing mishap
ADVERTISEMENT