Central Bank of Nigeria lowers its key rate to 11.5%
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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced on September 22 that the bank has lowered its key interest rate from 12.5 to 11.5%.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced on September 22 that the bank has lowered its key interest rate from 12.5 to 11.5%.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday said it has retained all the monetary policy parameters unchanged.
Moody's Investors Service ("Moody's") has affirmed Nigeria's B2 long-term issuer ratings and senior unsecured rating and its (P)B2 senior unsecured MTN programme rating and maintained the negative outlook.
Fitch Ratings has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+. The Outlook is Negative.