OSBC Osun State Broadcasting Corporation
The Central Bank of Nigeria (CBN) has raised interest rate from 18 percent to 18.5 percent.
The apex bank governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja.
The development is the third consecutive time the apex bank will be raising the monetary policy rate (MPR) which measures the interest rate.
