May 8, 2021
  • May 8, 2021

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Implications of CBN decision to cut interest rate

by on September 23, 2020 0
The Central Bank of Nigeria (CBN) on Tuesday slashed its benchmark interest rate by 100 basis points to 11.5 percent, the first of such rate cut since May, citing the need to force banks to increase lending to the economy. Anaylsts are surprised at the sudden rate cut by the CBN in view of... Read More

MPC meeting: Balancing negative growth and rising inflation

by on September 22, 2020 0
* In few hours’ time, the Central bank of Nigeria (CBN) is expected to announce the outcome/decisions of its Monetary Policy Committee (MPC) meeting to the world. In the report below, analysts at the investment banking group, United Capital ex-ray the expectations from the meeting. The Nigerian Monetary Policy Committee (MPC) in its fifth... Read More

CBN slashes interest rate on SMEs intervention fund to 5%

by on September 5, 2020 0
The Central Bank of Nigeria (CBN) has slashed the interest rate on its target N100 billion intervention fund to 5 percent from 9 percent as part of initiatives to enable Micro, Small and Medium Enterprises (MSMEs) to survive the COVID-19 pandemic and beyond. The regulatory bank’s director of Development Finance. Yusuf Philip Yila who... Read More