Home Politics Updated Lending Rates at Banks After CBN Raises Rates.

Updated Lending Rates at Banks After CBN Raises Rates.

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Updated Lending Rates at Banks After CBN Raises Rates.

The Nigerian financial sector adjusts lending rates in response to rising Central Bank rates. The Central Bank has raised the Monetary Policy Rate, prompting banks to adjust their lending rates accordingly. Most banks offer rates above the MPR, with a few offering rates below it. The move aims to address economic challenges and attract private investment.

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