The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12 . 5 per cent to 11 . 5 per cent after the two-day Monetary Policy Committee Meeting in Abuja .
The committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27 .5 per cent and 30 per cent respectively .
The Central Bank Governor , Godwin Emefiele , disclosed this while presenting the communiqué after the meeting.
Details later …