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Breaking: CBN continues aggressive tightening, raises lending rate to 26.25%

This is the third consecutive tightening of the lending rate, known as the Monetary Policy Rate (MPR) by the MPC under Cardoso.

MPC likely to increase lending rate by another 100 basis points - expert

The MPC, under the leadership of Mr Yemi Cardoso, had increased the Monetary Policy Rate (MPR) by 400 basis points in February and 200 basis points in March.

Retain 24.75% lending rate, experts advise CBN