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Africa

Nigerian Apex Bank Hikes Interest Rate

3 years

The Central Bank of Nigeria, CBN, on Tuesday, raised its benchmark lending rate by 1.5 per cent points to 15.50 per cent, its highest level since 2006 when the rate was introduced, in a bid to control inflation and ease pressure on the naira. The CBN Governor, Godwin Emefiele at a news conference in Abuja, […]

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