CBN retains lending rate at 11.5%

By our reporter| The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 11.5 per cent.

The CBN Governor, Godwin Emefiele, who made the disclosure at the end of the committee’s two-day meeting in Abuja, also revealed that the Cash Reserve Ratio and Liquidity Ratio were retained at 27.5 per cent and 30 per cent respectively.

Details to follow…