Nigeria: Inflation - CBN Returns Interest On Intervention Programmes to 9 Percent
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The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine per cent - from five per cent a circular that was released by the apex bank yesterday, indicated.
The bank had on March 15, 2022 extended the period of interest rate reduction on all intervention facilities from nine per cent to per cent per annum.