BREAKING: CBN sustains key interest rate at 11-year high

The Central Bank of Nigeria (CBN) monetary policy committee (MPC) on Tuesday, sustained all monetary policies parameters, in a bid to keep up the battle against inflation.
MPC said inflation was down, year-on-year, but the food index rose in February from figures recorded in January, mounting pressure on consumers.
It also asked that the federal government carry out a speedy implementation of the Economic Recovery and Growth Plan.
The monetary policy committee (MPC) concluded that the era of high oil prices is gone, and it has become more imperative for government to diversify the economy away from oil.