Roundup: Nigerian central bank further raises interest rate to over 26 pct

by Olatunji Saliu

ABUJA, May 21 (Xinhua) -- Nigeria's central bank on Tuesday further raised the benchmark interest rate, pushing it by 150 basis points to 26.25 percent, in a move to combat the country's persistent inflation.

This latest hike marks a continuation of Nigeria's aggressive monetary tightening strategy aimed at stabilizing the economy. It is the third consecutive one this year, since Februar