CBN Hikes Main Lending Rate By 1% For Fourth Straight Time
LAGOS NOVEMBER 23RD (NEWSRANGERS)-Nigeria’s central bank raised its main lending rate for the fourth straight time to 16.50% from 15.50% on Tuesday as policymakers seek to rein in inflation slowing economic growth ahead of elections next year. Inflation and the state of Africa’s biggest economy will be major issues when voters choose a successor to…