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Slash! Cutting the policy rate by 100 bps from 13.5% to 12.5% is anything but slash. That is not a 'great reduction' in rate to warrant such language. A national daily like yours should do better at effectively informing by using language that more accurately reflects 1/
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CBN okays reliefs on loans in OFIs sector - The Nation NigeriaThe Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
Source: TheNationNews - 🏆 6. / 69 Read more »
COVID-19: CBN issues directive to banks, reduces interest ratesThe Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs). The rate has been slashed from 9 to 5 percent per for one year, effective March 1, 2020. This was contained in a circular to banks on Wednesday by the Director of Financial Policy and Regulation
Source: DailyPostNGR - 🏆 11. / 59 Read more »
COVID-19: CBN cuts OFIs loans’ interest rate to 5%The Central Bank of Nigeria (CBN), has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9% to 5% per annum for one year effective March 1, 2020. Read more: This is good. The cenbank should push down this policy to the commercial Banks too. Imagine how much and how many times I was charged this month alone
Source: Daily Trust - 🏆 13. / 51 Read more »
CBN suspends intervention-loan repayment for one yearGod bless CBN There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna!! Copy and paste, let it get to the relevant authorities. I knew from the beginning that this intervention loan is a scam a way of embezzle money. This government are the best corrupt government in the history of Nigeria.
Source: MobilePunch - 🏆 8. / 63 Read more »
COVID-19: CBN cuts interest rate on third-party loans to 5%The Central Bank of Nigeria (CBN), has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9% to 5% per annum for one year effective March 1, 202… There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna!! Copy and paste, let it get to the relevant authorities.
Source: Daily Trust - 🏆 13. / 51 Read more »
Court strikes out suit against CBN for lack of jurisdictionJustice Muslim Hassan, sitting at the Federal High Court in Lagos, has thrown out a suit filed by Professor Anthony Elujoba (Plaintiff), a Professor at Obafemi Awolowo University (OAU), Ile-Ife, against the Central Bank of Nigeria (CBN). Read more:
Source: Daily Trust - 🏆 13. / 51 Read more »