CPPE urges banks to lower lending rates after CBN’s 350bps cut

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The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigerian banks to reduce lending rates after the Central Bank of Nigeria cut the Monetary Policy Rate by 350 basis points. This rate adjustment aims to lower borrowing costs for businesses in Nigeria.

The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s (CBN) 350-basis-point cut in the Monetary Policy Rate (MPR), saying the adjustment should translate into lower borrowing costs for businesses. The post CPPE urges banks to lower lending rates after CBN’s 350bps cut appeared first on Nairametrics.