The Central Bank of Nigeria (CBN) has increased the benchmark interest rate to 17.5 percent on Tuesday. Following the consideration of the report of the Senate Committee on Anti-corruption and Financial Crimes, the red chamber confirmed their reappointment. The banks were invited at the plenary on Tuesday to explain the alleged supply shortage from the Central Bank of Nigeria (CBN). The House further resolved that the window for swapping the old notes with the new ones be extended by six months. Those are the top Nigerian newspaper headlines for today.
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