Experts commend CBN for cutting lending rate to 13.5% vanguardngr.com vanguardnews
The Central Bank Governor, Mr Godwin Emefiele, had on Tuesday while briefing newsmen in Abuja, said its Monetary Policy Committee took the decision at its 266th meeting.Also, the Cash Reserve Ratio was retained at 22.5 per cent and Liquidity Ratio at 30 per cent.In separate interviews with Newsmen in Ota, Ogun State, the financial experts said the action would enable more investors, particularly the Small and Medium Enterprises to access loans from banks.
“The cutting down of lending rate will make more investors, particularly firms, and companies to access loans in the banks,’’ he said. “CBN should look holistically at other monetary instruments like CRR and Liquidity Ratio to make additional funds available to the people,’’ he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PDP emerges majority in Imo Assembly with 13 seats - The Nation NigeriaThe People’s Democratic Party (PDP) has won four out of the five Local Government Areas where supplementary elections held in Imo State on Saturday, bringing to a total of 13 Assembly seats won by the party. The Action Alliance (AA) clinched the remaining LGA to win a total of eight Assembly seats, while the All …
Read more »
PDP leads Imo Assembly with 13 seats - The Nation NigeriaThe People’s Democratic Party (PDP) has won four out of the five Local Government Areas where supplementary elections held in Imo State on Saturday, bringing to a total of 13 Assembly seats won by the party. The Action Alliance (AA) clinched the remaining LGA to win a total of eight Assembly seats, while the All …
Read more »
Benue supplementary polls: Ortom leads in 9 of 13 LGAs
Read more »
Supplementary polls: Gov Ortom leads in 9 of 13 LGA’s of Benue - Vanguard News NigeriaGov Samuel Ortom of the People’s Democratic Party (PDP) won in 9 of 13 Local Government Areas (LGA’s) in the supplementary polls held on Saturday.
Read more »
Supplementary polls: Ortom leads in nine of 13 LGA’s of Benue - The Nation NigeriaGov Samuel Ortom of the People’s Democratic Party (PDP) won in 9 of 13 Local Government Areas (LGA’s) in the supplementary polls held on Saturday.
Read more »
Mechanic in Court for allegedly sodomising 13-year-old studentA 19-year-old mechanic, Chinedu Ezebuka, who allegedly sodomised a 13-year-old student, on Monday appeared in an Ikeja Domestic Violence...
Read more »
Mechanic in Court for allegedly sodomising 13-year-old student – Daily TrustA 19-year-old mechanic, Chinedu Ezebuka, who allegedly sodomised a 13-year-old student, on Monday appeared in an Ikeja Domestic Violence and Special Offences Court. The police charged Ezebuka whose residential address was not provided with sexual assault.ADVERTISEMENT He however, pleaded not guilty to the charge. The prosecution led by Mr Olayemi Shofolu, alleged that the defendant …
Read more »
Mechanic In Court For Allegedly Sodomising 13-year-old StudentA 19-year-old mechanic, Chinedu Ezebuka, who allegedly sodomised a 13-year-old student, on Monday appeared in an Ikeja Domestic Violence and Special Offences Court. The police charged Ezebuka whose…
Read more »
Adamawa Assembly Polls: PDP Wins 13, APC 11 SeatsThe Independent National Electoral Commission (INEC) says the Peoples Democratic Party (PDP) has won 13 seats of the Adamawa State House of Assembly. The commission said in a statement by Mrs Rifka…
Read more »
Adamawa Assembly polls: PDP wins 13, APC 11 seats - Vanguard News NigeriaThe Independent National Electoral Commission (INEC) says the Peoples Democratic Party (PDP) has won 13 seats of the Adamawa State House of Assembly.
Read more »
Adamawa Assembly polls: PDP wins 13, APC 11 seats
Read more »