"The Central Bank of Nigeria Monetary Policy Rate, MPR, the benchmark used in determining interest rates in the country has been raised to 14%, Governor Godwin Emefiele has just announced. The decision was effected by the Monetary Policy Committee, MPC of the CBN at the end of its two day meeting in Abuja. decision was effected by the Monetary Policy Committee, MPC of the CBN at the end of its two day meeting in Abuja."


Source: https://gwg.ng/2022/07/19/happening-now-cbn-raises-benchmark-interest-rate-to-14/