Bank lending drops by 46.29 % points in one month – MPC members

Cost of borrowing from Nigerian banks dropped by 46.29 percentage points in one month according to Festus Adenikinju, a member of the Monetary Policy Committee (MPC). He said in his personal statement at the last MPC meeting that 70.93 percent of loan recipients in April 2022, accessed those loans at 15 percent or below, compared […]

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