August 27, 2024

CBN increases Standing Lending Facility (SLF) rate to 31.75%

Ajibola6 months ago03 mins

The Central Bank of Nigeria (CBN) has raised its Standing Lending Facility (SLF) rate to 31.75% in a bid to enhance stability in the financial sector. This announcement was made in a circular released on Monday by Omolara Duke, the director of the Financial Market Department, which also lifted the suspension on the SLF. Additionally,…

Nigeria’s GDP growth doesn’t improve peoples’ standards of living- Experts tell Tinubu

Ajibola6 months ago07 mins

Financial experts and economists have informed President Bola Ahmed Tinubu that Nigeria’s 3.19 percent growth in Gross Domestic Product (GDP) for the second quarter of 2024 does not accurately represent the living conditions of its citizens. This statement follows the National Bureau of Statistics’ announcement on Monday, which revealed that the services sector propelled Nigeria’s…

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CBN increases Standing Lending Facility (SLF) rate to 31.75%

Nigeria’s GDP growth doesn’t improve peoples’ standards of living- Experts tell Tinubu

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