High Interest Rate

Cost of funds for businesses to rise as CBN raises interest rate to 18.5%

BUSINESSES in Nigeria will have to cope with a higher cost of sourcing funds as the Central Bank of...

CBN Retains Interest Rate At 14% Despite Worsening Recession

The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has voted to retain interest rates in the country at 14%, despite calls from experts and economic managers, including the Minister of Finance, Kemi Adeosun, for a downward review.
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Adesina Wants Nigeria To Lower Interest Rate

The African Development Bank, AfDB, has promised to help Nigeria out of its economic recession, but wants the country to adopt more people-friendly monetary policies, and lower interest rate.

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