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16.5% interest rate: Private sector predicts factories shutdown, higher bad loans

Published by Punch on Wed, 23 Nov 2022


The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 15.5 to 16.5 per cent in order to rein in inflation and maintain economic stability. Speaking at the end of a two-day Monetary Policy Committee meeting on Tuesday in Abuja, the CBN Governor, Godwin Emefiele, said the committee Read More
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