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VIDEO: How CBN’s MPR Increase Will Affect Nigerians – Bismarck Rewane

Nigeria's apex bank, the Central Bank of Nigeria (CBN), had on Tuesday hiked the MPR by four hundred basis points to 22.75 percent from 18.75 percent.


Photo illustration of Bismarck Rewane and food stuffs

 

The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited Bismark Rewane has explained how the Monetary Policy Rate (MPR) will affect Nigerians. 

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), had on Tuesday hiked the MPR by four hundred basis points to 22.75 percent from 18.75 percent.

Hours after the move, Rewane was on Channels Television’s News At 10 to give a breakdown of the implications of the development.

Watch him below: