Interest rate hike will stifle Nigerian economy, ActionAid warns

ActionAid Nigeria has warned that the Tuesday increase in the monetary policy rate by the Central Bank of Nigeria (CBN) would lead to higher borrowing costs for businesses and small and medium-sized enterprises (SMEs) and stifle economic growth.

The post Interest rate hike will stifle Nigerian economy, ActionAid warns appeared first on The Guardian Nigeria News – Nigeria and World News.

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