Tag: Interest Rates
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CBN extends single-digit interest rates on intervention facilities to 2023
The Central Bank of Nigeria (CBN) has announced that interest rates on its various intervention facilities had been extended till March 1, 2023.
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High bank interest rates will kill Nigeria’s economy if not addressed – ACF tells FG
The Arewa Consultative Forum (ACF) has faulted President Muhammadu Buhari for not addressing the issue of high interest rates by commercial banks in his 2022 budget presentation at the National Assembly on Thursday.
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JUST IN: MPC slashes interest rate to 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent. The MPR is the instrument used by the Central Bank of Nigeria through the MPC to control interest/ lending rates This is the seconding MPC meeting in row that will be held under COVID-19 protocols.…
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Senate to invite CBN, DMBs over forex crisis, high interest rates
…Says Presidency will sign 2017 Appropriation Bill soon Senate President, Dr. Bukola Saraki has said the Senate as part of its legislative function will intervene in the high interest rates on loans and forex crisis that has lingered for a while now by inviting the apex bank, Central Bank of Nigeria, CBN and Deposit Money…