the hub of entertainment….
The Central Bank of Nigeria, CBN Monetary Policy Committee has raised the interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Yemi Cardoso, announced this at the end of the apex bank’s 296th MPC meeting held in Abuja. The MPC also pegged the Cash Reserve Ratio (CRR) for
Alhaji Aliko Dangote Turns Down CBN’s Interest Rate, Urges Government to Support Established Companies. Says “Nobody can create jobs with an interest rate of 30%. No growth will happen.” Aliko Dangote, the Chairman of the Dangote Group , has expressed concern over the Central Bank of Nigeria’s decision to raise the interest rate to nearly
The Central Bank of Nigeria (CBN) has announced an upward adjustment of the negotiable minimum interest rate payable on local currency savings deposits to 30 per cent of the Monetary Policy Rate (MPR). In September 2020, the central bank, as part of efforts to mitigate the impact of the COVID-19 pandemic, had slashed the minimum