Expert Speaks on Real Impact As CBN Announces Changes on Customers’ Savings Accounts, Loans [Video]

• The Central Bank of Nigeria Monetary Policy Committee (MPC) has once again increased the benchmark interest rate
• The new CBN’s benchmark interest rate is 50 basis points increase to 26.75% from the previous 26.25%
• Nigerian economist Muda Yusuf, who is also the CEO of the CPPE, shared with Legit.ng the impact of CBN’s new rate

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Muda Yusuf, the CEO of the Centre for the Promotion of Private Enterprise (CPPE), has reacted to the Central Bank of Nigeria’s (CBN) decision to increase the Monetary Policy Rate (MPR) to 26.75%% from 26.25%.

The new rate was announced by Yemi Cardoso, the governor of the CBN, at the end of the two-day Monetary Policy Committee …