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Nigeria’s Central Bank cuts rates for first time in six years

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Nigeria’s Central Bank cuts rates for first time in six years
28 November 2015, Lagos – Nigeria’s central bank surprisingly cut the benchmark interest rate to 11 percent from 13 percent on Tuesday, its first reduction in the cost of borrowing in more than six years, in an effort to stimulate growth in Africa’s biggest economy. The bank also reduced the cash reserve ratio for commercial […] More »
Nigeria’s Central Bank cuts rates for first time in six years Nigeria’s Central Bank cuts rates for first time in six years Reviewed by Crude Oil Facilitators on 15:53 Rating: 5

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