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CBN suspends repayment on intervention loans in OFIs, cuts interest rate to 5%

The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities in other financial institutions (OFIs) from nine to five percent per annum for one year, effective from

CBN revokes licences of 182 financial institutions

The Central Bank of Nigeria (CBN) has announced that it would revoke the operating licences of 182 other financial institutions (OFIs). This is barely a week after the apex bank

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