» » CBN Cuts Interest Rate On Savings Deposits To Stimulate Economic Growth
Tuesday, September 01, 2020

Tuesday, September 01, 2020
The Central Bank of Nigeria Monday cut interest rate payable on monies held in savings accounts to around 1.25% per annum from the previous benchmark of around 3.75 per annum. The rate cute is effective from September 1, 2020, according to a circular to all banks from the regulatorWith the development, analysts expect a mass exodus of funds idling in savings deposit accounts via IFTTT
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