Rate cut raises hopes for cheaper business loans

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The Central Bank of Nigeria cut its benchmark interest rate by 350 basis points to 23%. The move has raised expectations that businesses may gain access to cheaper loans.

The Central Bank of Nigeria has cut its benchmark interest rate by 350 basis points to 23%, raising hopes for cheaper credit for businesses. Read More: https://punchng.com/rate-cut-raises-hopes-for-cheaper-business-loans/