Banks Raise Lending Rates Despite CBN Interest Rate Cuts
Nigerian businesses are yet to enjoy cheaper loans despite repeated interest rate cuts by the Central Bank of Nigeria (CBN), as commercial banks have raised average prime lending rates in…
CBN Holds Interest Rate at 26.5 Per Cent
The Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) at 26.5 per cent after the 306th Monetary Policy Committee (MPC) meeting held in Abuja…
