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Business Banks Set to Raise Interest Rates on Existing Loans – How It Will Affect Nigerians
The Central Bank of Nigeria, monetary policy committee on Tuesday had raised interest from 12% to 14%, following the introduction of the new FX market in June, 2016. The committee also voted to retain cash reserve ratio at 22.5% and left the asymmetric corridor around MPC retained at +200 basis...- ProfRem
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