CBN raises Lending Facility to 31.75%, pegs deposits at 25.75%

The Central Bank of Nigeria has raised its Standing Lending Facility rate to 31.75 percent to boost stability within the financial sector. The apex bank disclosed this in a circular issued on Monday by its director, Financial Market Department, Omolara Duke, lifting the suspension on SLF. The SDF rate, applicable to deposits made by banks [...]CBN raises Lending Facility to 31.75%, pegs deposits at 25.75%

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