Relief for businesses as CBN eases 4-year tightening, cuts interest rate to 27%
• Says 14 banks cross new capital threshold • ‘Policy shift is cautious step towards economic growth’ • 75% CRR imposed on public sector deposits The Central Bank of Nigeria (CBN) yesterday made a U-turn on the over four-year monetary
by Collins Olayinka (Abuja) and Helen Oji (Lagos)
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