Nigeria’s central bank raises benchmark rate to 26.25%
ABUJA, May 21 (Reuters) – Nigeria’s central bank raised its benchmark lending rate by 150 basis points to 26,25% from 24,75% NGCBIR=ECI, in a decision announced on Tuesday, Analysts had widely predicted another hike given inflation has continued to soar and the local naira currency NGN=D1 has been highly volatile, The decision is the third rate increase this year, after hikes of […]