In a bid to stimulate the economy, the Central Bank of Nigeria (CBN) has slashed the interest rate payable on monies deposited in savings accounts from the previous benchmark of around 3.75 per annum to around 1.25% per annum
According to a circular issued to all banks, the rate cut is effective from today September 1, 2020.
Analysts say the move will allow smaller banks to grow faster and also make it easier for banks to cut lending rates to borrowers.
Nice idea
To me is going to favour some people and also going to be hard to other people we just hope is for the betternes of the country
God will help us all
According to a circular issued to all banks, the rate cut is effective from today September 1, 2020.
Very good I think that’s the best thing to do
Hope it for the betterment of the country
going to favour some people and also going to be hard to other people we just hope is for the betternes of the country
Good suggestion.
VEry good
According to a circular issued to all banks, the rate cut is effective from today September 1, 2020.
Wow that is nic
that’s the best thing to do
That’s good since smaller banks will grow faster
Very good
That great news
I just hope is for the betternes of the country
A laudible move by the Apex bank.
I jxt hope this is going to favour us
That’s good news
I think it’s the best thing to do
I just hope is for the betternes of the country
To me is going to favour some people and also going to be hard to other people we just hope is for the betternes of the country
According to a circular issued to all banks, the rate cut is effective from today September 1, 2020.
According to a circular issued to all banks, the rate cut is effective from today September 1, 2020
Very good I think that’s the best thing to do
Analysts say the move will allow smaller banks to grow faster and also make it easier for banks to cut lending rates to borrowers
To me is going to favour some people and also going to be hard to other people we just hope is for the betternes of the country
Analysts say the move will allow smaller banks to grow faster and also make it easier for banks to cut lending rates to borrowers
Analysts say the move will allow smaller banks to grow faster and also make it easier for banks to cut lending rates to borrowers
Nice
Very good I think that’s the best thing to do
According to a circular issued to all banks, the rate cut is effective from today September 1, 2020
I think it’s the best thing to do
jxt hope this is going to favour us
I just is for the better Ness of the country