CBN lifts suspension on bank borrowing, sets 31.75% lending rate

Tribune OnlineCBN lifts suspension on bank borrowing, sets 31.75% lending rateThe Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF) and set the lending rate at 31.75%, following decisions made at the 296th Monetary Policy Committee (MPC) meeting. In a statement dated August 26, 2024, Omolara Duke, the Director of the Financial Markets Department, confirmed the [...]CBN lifts suspension on bank borrowing, sets 31.75% lending rateTribune Online

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