The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reset the monetary policy rate (MPR) to 23 percent.
Olayemi Cardoso, CBN’s governor, made the revealation while addressing thr media on Tuesday, after the committee’s 307th meeting in Abuja
He said 11 members of the Committee were present at the meeting
He added that the Committees’ decision was hinged on the current progressade in economic reforms in the country
| Currency | Price |
|---|---|
 UAE Dirham | 3.6725 |
 Australian Dollar | 1.4563 |
 Brazilian Real | 5.4965 |
 Canadian Dollar | 1.4126 |
 Chinese Yuan (offshore) | 6.6708 |
 Egyptian Pound | 53.8569 |
 Euro | 0.8975 |
 British Pound | 0.7488 |
 Kuwaiti Dinar | 0.3109 |
 Nigerian Naira | 1,342.89 |
 Russian Ruble | 81.9256 |
 South African Rand | 16.5464 |
Peoples Pen24 is an online news platform hinges on breaking news and news analysis, issues, events, and development. We pay special focus on but not limited to development and innovation in Environment, Climate Change, Agribusiness, and regenerative agriculture, among other areas of interest.
