Can CBN’s Increase Interest Rate Benefit Ordinary Nigerians?
Nigeria Daily
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Nigeria Daily
Can CBN’s Increase Interest Rate Benefit Ordinary Nigerians?
Sep 30, 2022
Lilian Ogazi, Mardia Umar, Bilkisu Ahmed

In the face of hardship and rising inflation and a dwindling economy, the Central Bank of Nigeria has increased the interest rate to 15%. 

In whose interest was it increased to this point? How will the move affect the life of the common man?

Nigeria Daily speaks with business and economist experts to find out.