The Central Bank of Nigeria (CBN)’ monetary policy committee, on Friday, maintained the interest rate at 11.5 percent.
Addressing journalists after the bank’s monetary policy committee at the CBN headquarters in Abuja, CBN Governor Godwin Emefiele said the committee applauded the fifth decrease in inflation in August, 2021.
Emefiele said the committee also applauded the banks on meeting forex demands and that all forex must be necessarily conducted at the Importer and Exporter (I&E) window to ensure stability.
He said operators must adhere to stipulated guidelines as the apex bank strives to eliminate illegal fx dealers in the country.
