Nigerian central bank increases rate.
M2 EQUITYBITES-May 25, 2022--Nigerian central bank increases rate
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Global Banking News - 25 May 2022
The Nigerian central bank has increased its interest rate.
The apex bank has increased its rate to 13 percent from 11.5 percent. This is the first rate manipulation by the apex bank since September 2020. The bank attributed the change to rising inflation.
The rate on development finance loans will however remain...
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