Nigerian banks have increased average prime lending rates in eight key sectors of the economy despite successive reductions in the Central Bank of Nigeria’s (CBN) benchmark interest rate, raising concerns
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The Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent, a 350-basis-point reduction that has drawn mixed reactions from
The Central Bank of Nigeria (CBN) has cut the benchmark Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent, marking a significant shift in the country’s monetary