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MPC

Business and Economy

Lending costs for businesses unchanged as CBN retains interest rate at 27%

THE cost of funds for businesses remains unchanged as the Monetary Policy Committee (MPC) of the Central Bank of...
Harrison EDEH -
Business and Economy

Business lending to cost less as CBN cuts interest rate to 27%

THE borrowing costs for businesses by financial lending institutions will lessen slightly as the monetary policy committee (MPC) of...
Harrison EDEH -
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Business and Economy

Why CBN may postpone February monetary policy meeting

THERE are indications that the Central Bank of Nigeria (CBN) may  shift its Monetary Policy Committee (MPC), meeting expected...
Ehime ALEX -
Business and Economy

Bank debtors, businesses to pay more as CBN hikes interest rate to 27.50%

BANK debtors and  businesses are to pay higher interest rate henceforth, as the Central Bank of Nigeria (CBN) has raised...
Harrison EDEH -
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Business and Economy

Businesses’ borrowing costs to rise as CBN hikes interest rate to 26.75%

BUSINESSES and manufacturers would have to borrow funds at a higher interest rate for their operations as the Central...
Ehime ALEX -
Business and Economy

Economy suffering as inflation weigh down business activities to seven-month low

THERE are growing concerns as the Nigerian Purchasing Managers’ Index (PMI) dropped to 50.1 points in June, showing inflation...
Ehime ALEX -
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