COVID-19: CBN issues directive to banks, reduces interest rates

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The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs). The rate has been slashed from 9 to 5 percent per for one year, effective March 1, 2020. This was contained in a circular to ...

from Google Alert - Business https://ift.tt/2M6aiNK
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs). The rate has been slashed from 9 to 5 percent per for one year, effective March 1, 2020. This was contained in a circular to ... https://ift.tt/eA8V8J

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