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Tag "interest rate"

CBN holds benchmark interest rate at 11.5%, says economic recovery still fragile

    CBN holds benchmark interest rate at 11.5%, says economic recovery still fragile

The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent. The committee also retained the liquidity ratio at

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CBN: One million borrowers have received loans below 20% interest rate since 2019

    CBN: One million borrowers have received loans below 20% interest rate since 2019

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) says over one million customers have accessed loans below 20 percent interest rate from deposit money banks. According

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CBN reduces interest rates on savings deposit from 3.9% to 1.25%

    CBN reduces interest rates on savings deposit from 3.9% to 1.25%

The minimum interest payable on savings deposited in banks across the country will be at least 10 percent per annum of the monetary policy rate. In an August 31 letter

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How CBN rate cut is likely to affect the naira

    How CBN rate cut is likely to affect the naira

Analysts and market-watchers were, in no doubt, shocked when the monetary policy committee of the Central Bank of Nigeria announced its decision to cut interest rate by 0.5% on Tuesday.

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Otunuga: Why CBN may cut key interest rates again

  Otunuga: Why CBN may cut key interest rates again

Lukman Otunuga, research analyst at FXTM, says the Central Bank of Nigeria (CBN) would likely cut interest rates further if

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CBN retains interest rate at 14%, seeks speedy budget implementation

  CBN retains interest rate at 14%, seeks speedy budget implementation

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has kept the monetary policy rate at 14

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CBN ‘may increase’ monetary policy rate if inflation persists

  CBN ‘may increase’ monetary policy rate if inflation persists

The Central Bank of Nigeria (CBN) may increase monetary policy rate (MPR) if inflationary pressures do not abate, Joseph Nnanna,

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Nigerian banks have been investing heavily in T-bills, says Fitch

  Nigerian banks have been investing heavily in T-bills, says Fitch

Global credit rating agency, Fitch, says Nigerian banks averaged a 7.5% margin on treasury bill (T-bills) yields in the first

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MPC maintains interest rate at 13 per cent

  MPC maintains interest rate at 13 per cent

The Central Bank of Nigeria (CBN) has decided to maintain interest rate at 13 per cent. The decision was reached at the

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CBN sells N114.4bn in treasury bills

  CBN sells N114.4bn in treasury bills

The Central Bank of Nigeria (CBN) on Friday revealed that it sold N114.39bn in treasury bills of maturities ranging between

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