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CBN Cuts Interest Rate To 23% From 26.5%

CBN Cuts Interest Rate To 23% From 26.5%
Photo: Channels Television · view original

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 26.5 per cent to 23 per cent. CBN Governor, Olayemi Cardoso, disclosed the decision on Tuesday at the end of the Monetary Policy Committee’s 307th meeting in Abuja. He noted that the committee examined recent tre...

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