The apex bank, had in March 2020, following the outbreak of COVID-19, announced measures to reduce the negative impact of the pandemic on businesses and households, including the reduction of interest rates on the bank’s intervention facilities from nine percent to five percent per annum for one year The (CBN) has reversed the five per cent interest rate on all its intervention facilities to nine per cent per annum, effective September 1, 2022. Platforms Africa reports that this was contained in a circular signed by the Director of Financial…
Read MoreWhy Nigeria Returned Interest Rate On Intervention Loans To 9% – CBN
