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<p>Nigeria&#8217;s Central Bank hike its Monetary Policy Rate by 150 basis points, bringing it to 26.25 per cent. The decision was made during the Monetary Policy Committee meeting where the CBN Governor Olayemi Cardoso stated that the committee was confronted with the choice of either raising or maintaining rates as it monitored the effects of previous hikes. Additionally, the bank opted to keep the Asymmetric Corridor unchanged at +100/-300 basis points around the MPR. Furthermore, it maintained the cash reserve ratio at 45 per cent and the liquidity ratio at 30 per cent.</p>


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Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

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<p>The pandemic has ravaged Lagos in different ways but at a forum like the 2021 Lagos State Economic Summit enables exchange of ideas that will be carried forward in a way that will positively impact the business society. That’s according to Yemi Cardoso, Chairman of CityBank Nigeria. He discussed this with CNBC Africa’s Esther Awoniyi on the side-lines of the summit.</p>


yemi cardoso

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

Engagement process will bring out answers for the business community, says CityBank Nigeria’s Cardoso

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yemi cardoso

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

Engagement process will bring out answers for the business community, says CityBank Nigeria’s Cardoso

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