CBN Interest Rate Hike Threatens Nigeria’s Housing Supply –Experts

Leadership | 29-09-2024 07:12pm |

The recent increase in the Central Bank of Nigeria (CBN)’s interest rates to 27.75 per cent has sparked concerns within the real estate sector, with industry professionals cautioning that the move could significantly drive up construction and maintenance costs across the country. Experts in the field have noted that banks may now lend at rates [...]

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