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FDC: Lower savings rate, fuel price hike heighten inflationary pressure

Published by New Telegraph on Mon, 14 Sep 2020


The Central Bank of Nigeria's (CBN) downward review of the minimum interest rate on savings to 1.25per cent per annum as well as the recent increases in Premium Motor Spirit (PMS) and electricity tariff are likelytostoke inflationary pressures in the short term, analysts at Financial Derivatives Company Limited (FDC) have said.The analysts, who []
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