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

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.

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












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.

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