Can CBN’s Increase Interest Rate Benefit Ordinary Nigerians?
Nigeria Daily
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.