CBN Slashes Minimum Interest Rates On Savings Deposit To 1.25% - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  BBNAIJA  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  MOVIES  |  COMEDY VIDEOS  |  DEAL CHANNEL






CBN Slashes Minimum Interest Rates On Savings Deposit To 1.25%





Analysts say the move will allow smaller banks to grow faster and also make it easier for banks to cut lending rates to borrowers.

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.



 Whatsapp  Twitter  Facebook




CLICK HERE TO COMMENT ON THIS POST
Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348173379226 Or +2348143945195

Whatsapp: +2349027283345







SPONSORED LINKS






Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


       





MUSIC OF THE WEEK



© 2014-2020 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.