....ranks fourth biggest MPR cutter
Nigeria has lowered its benchmark interest rate by 50 basis points to 26.5 percent, marking the second cut in five months and pushing borrowing costs to their lowest level since June 2024.
The decision, announced by Olayemi Cardoso, governor of t
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Bunmi Bailey
Bunmi holds a degree in Economics from the University of Lagos and has over eight years of experience in content writing and journalism.
Her career spans roles as a financial and business journalist at BusinessDay Media and TechCabal, and as Head of Research at SBM Intelligence, an Africa-focused market intelligence and strategic consulting firm.
She also served as Editor at Finance in Africa, a subsidiary of Businessfront and is currently Assistant Editor, Finance (Africa), at BusinessDay.
