On May 21, 2024, the Central Bank of Nigeria hiked the nation’s benchmark interest (Monetary Policy Rate) by 150 basis points to 26.25 per cent from 24.74 per cent. Currently, members of the Organised Private Sector have expressed their fears about the ability to repay their loans.
According to the National Bureau of Statistics Consumer Price Index report released on May 15, 2024, inflation rose to 33.69 per cent in April 2024 compared to the…
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