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Breaking news: CBN further increases interest rate by 50 basis to 27.25%

Breaking news: CBN further increases interest rate by 50 basis to 27.25%

Cardoso announced that the committee also decided to raise the Cash Reserved Ratio (CRR) by 50 basis points from 45 per cent to 50 per cent for Deposit Money Banks (DMBs), while it is 14 per cent to...

24 Sept 2024 7:39 PM IST
Reduce interest rate to 1%, manufacturers beg FG

Reduce interest rate to 1%, manufacturers beg FG

The CBN should as well direct commercial banks to reduce interest rates on industrial loans.

28 Aug 2024 2:09 PM IST