CBN tightens liquidity, raises MPR to 12%, CRR to 22.5%

*Emefiele debunks perceived plans to convert domiciliary accounts to naira, promises improved forex supply 27 March 2016, Lagos — The Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, on Tuesday resolved to raise the Monetary Policy Rate (MPR) otherwise known as the interest rate, to 12 per cent from 11 per cent. […] More »