Commercial Banks Resumes Revising Interest Rates

today04/13/2023 10

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Commercial banks across Nigeria have begun revising their interest rates.

This is coming after the Central Bank of Nigeria, CBN, raised its benchmark lending rate to 18 per cent last month.

CBN Governor, Godwin Emefiele, noted that the committee voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR.

Written by: Helen Obih

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