CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25%

CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25%

•Hikes banks’ CRR to 50% from 45%, merchant banks rate to 16% from 14%  •NACCIMA, CPPE say stifling financial conditions to address liquidity issues detrimental to investment, economic growth James
Source: CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25%

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post culled from thisdaylive