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  Godwin Emefiele 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 Nigeria Labour Congress (NLC) has vowed to proceed with its planned strike and protest with effect from September 28 following the failure of the Federal Government to reverse the hike in electricity tariff and fuel price.