Tag: CBN interest rate

No economic growth will happen unless interest rate at 30% goes down – Aliko Dangote

by Harry Choms

July 3, 2024

Alhaji Aliko Dangote, President of Dangote Group Industries Ltd, has stated that economic growth will not occur unless the bank interest rate of 30% is reduced. Alhaji Dangote made this ...

Making Money From the CBN’s 15.5% interest rate hike

by Harry Choms

September 28, 2022

Godwin Emefiele, Governor of the Central Bank of Nigeria, announced an increase in the benchmark interest rate (MPR) to a two-decade high of 15.5%. He made this announcement after the ...