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High Lending Rate Cuts Banks’ Private Sector Credit By N780bn

The high interest rate of the Central Bank of Nigeria has cut banking sector credit to the private sector by N780bn between the months...

Experts Back CBN Policy Committee Member, Fault Raising Ways And Means Limit To 10%

A member of the Central Bank of Nigeria Monetary Policy Committee, Murtala Sabo Sagagi has advised the Federal Government to reconsider the increase of...

CBN’s New Interest Rate Will Further Suffocate Manufacturing Sector – MAN

The Manufacturing Association of Nigeria (MAN) has said that the new interest rate will further constrain the growth of the manufacturing sector, adding that...

JUST IN: CBN Raises Interest Rate To 27.65%, Blame Inflation On Middleman

The Central Bank of Nigeria has increased the Monetary Policy Rate by 50 basis points to 27.65 per cent in another move to contain...

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