Interest rate hike: CBN suffocating investors, businesses in Nigeria – CPPE …C0NTINUE READING HERE >>>
The Centre for the Promotion of Private Enterprise, CPPE, has tackled the Central Bank of Nigeria’s fifth interest rate hike amid economic hardship.
The Executive Director of CPPE, Muda Yusuf, made this known in a statement on Tuesday in reaction to the CBN Monetary Policy Committee’s latest interest rate hike.
This comes as the CBN 297th MPC meeting on Tuesday announced a fresh rate increase by 50 basis points to 27.25 percent in September 2024.
Reacting to a rate hike, CPPE said…
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