CBN Lifts Suspension On Bank Borrowing, Sets New Lending Rate

The Central Bank of Nigeria (CBN) has reinstated banks’ ability to borrow from its Standing Lending Facility (SLF) after previously suspending this option. Naija News reports that the apex bank has also set the lending rate at 31.75 per cent. These decisions were announced following the resolutions made during the 296th Monetary Policy Committee (MPC) [...]The post CBN Lifts Suspension On Bank Borrowing, Sets New Lending Rate appeared first on Naija News.

Read More