Post by Arise News (@arisenews)
CBN has reduced the benchmark interest rate from 27% to 26.5%, the lowest since May 2024.
Source: https://www.arise.tv/cbn-cuts-interest-rate-to-26-5-lowest-since-may-2024
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Victor James Bassey: This is commendable, however marginal the cut might seem.
This action will lower the borrowing cost for manufacturers and SMEs, potentially creating more jobs in the long run.
It is worth noting that Nigeria's external reserve is at a 13-year high of over $50bn while inflation has been on the down...
This action will lower the borrowing cost for manufacturers and SMEs, potentially creating more jobs in the long run.
It is worth noting that Nigeria's external reserve is at a 13-year high of over $50bn while inflation has been on the down...