Customers to get less on bank deposits as CBN reduces interest rate from 3.9 to 1.25 percent

— 1min readTHE Central Bank of Nigeria (CBN) has directed all deposit money banks across the country to review interest payable on savings account to a minimum of 10 percent. Bello Hassan, CBN Director of Banking Supervision, who stated this in a letter on Monday explained that the new Monetary Policy Rate (MPR), which is … Continue reading Customers to get less on bank deposits as CBN reduces interest rate from 3.9 to 1.25 percent