Updated: CBN Makes First Policy Decisions Under President Tinubu, One Month After Emefiele's Removal
The Central Bank of Nigeria has made its first monetary policy decision under the administration of President Bola Tinubu. After a two-day meeting, Folashodun Shonubi, the acting governor announced on Tuesday, July 25, 2023 that the Monetary Policy Committee (MPC) has decided to increase interest rate again to 18.75%.