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First interest-rate hike in 6yrs to worsen FG’s finances

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May 25, 2022
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Nigeria, which spent nearly all of its revenues on interest payments to creditors last year, will now pay more to borrow from local investors after the Central Bank of Nigeria (CBN) hiked benchmark interest rates for the first time since August 2016 on Tuesday. The CBN hiked the base rate for lending by 150 basis […] read more First interest-rate hike in 6yrs to worsen FG’s finances

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