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CBN jerks up benchmark interest rate to 22. 75 %

CBN jerks up benchmark interest rate to 22. 75 %
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UPDATE: Scarcity of Naira easing as banks comply with CBN's new directives

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… ....

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