Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Tuesday retained its Benchmark Interest Rate at 12 percent (12%) for the sixth consecutive time. The CBN said it its impact has improved growth in the economy and Inflation has declined slightly in the review period. Click here to download CBN’s […]
Tag: Interest Rate 12%
High interest rate compounding Nigeria’s debt burden – Experts
The Central Bank of Nigeria’s 12 per cent benchmark interest rate is one major factor that has led to the increased debt burden facing the country, experts have said. They noted that until the CBN reviewed the Monetary Policy Rate downward, Nigeria might keep finding it tough to reduce its […]
