Again, CBN Raises Interest Rate, Banks To Make Changes to Savings Account, Loans

Again, CBN Raises Interest Rate, Banks To Make Changes to Savings Account, Loans …C0NTINUE READING HERE >>>

As part of its efforts to tackle rising inflation, the CBN has announced another interest rate increaseThis development means Nigerians will have to pay more to borrow from their banks, and existing loans will also be subject to reviewAdditionally, Nigerian banks will adjust the interest rates on customers’ savings accounts, increasing the returns on deposits

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), the benchmark for…

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