CBN jerks up benchmark interest rate to 22 75 % vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Confirming this development, Head of Equity Research, FBNQuest Capital Limited, Tunde Abioye, said: “I believe commercial banks’ e-banking income for banks should be robust in Q1 due to the surge in electronic transfers following the cash scarcity. “Also, I assume that banks are generating some income from the free float that they are currently enjoying…