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MPC HIKES RATE AT LAST MEETING FOR THE YEAR


PRESIDENT MUHAMMADU BUHARI WILL THIS WEDNESDAY UNVEIL THE REDESIGNED 200, 500 AND 1,000 NAIRA NOTES EARLIER SCHEDULED FOR THE 15TH OF DECEMBER 2022.
GOVERNOR OF THE CENTRAL BANK GODWIN EMEFIELE DISCLOSED THIS AT THE LAST MEETING OF THE MONETARY POLICY COMMITTEE FOR THE YEAR IN ABUJA WHERE HE EMPHASISED THAT THE JANUARY 31, 2023 END DATE FOR THE SWAP WILL NOT BE CHANGED.
LEAH KATUNG-BABATUNDE REPORTS THAT THE COMMITTEE ALSO HIKED RATE BY 100 BASIS POINTS.
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