Nigeria’s central bank raises interest rate from 11.5% to 13% byOladeinde Olawoyin May 24, 2022 The 150 basis point hike is significant as Nigeria battles rising inflation.
![The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/01/20200913_161409-scaled-e1652250793565.jpg?fit=2387%2C1702&ssl=1)
