CBN Retains Lending Rate At 11%

CBN123The Central Bank of Nigeria on Tuesday retained lending rate in the country at 11 per cent while pegging cash reserve ratio at 20 per cent.

Governor of the CBN, Mr. Godwin Emefiele, who disclosed this at the end of the monthly monetary rate policy meeting in Abuja, said the liquidity ratio will be 30 per cent.

Details later…