Browsing Tag:Innovation

CBN leaves interest rate at 14%, Emefiele gives reasons

The CBN has retained the rate it lends to commercial banks at 14 per cent since 2016 – According to the CBN governor, the Monetary Policy Committee resolved to retain the cash reserve ratio (CRR) at 22.5 per cent and liquidity ratio at 30 per cent – Emefiele said Nigeria’s foreign reserve has grown from $42.54 billion as at December 2018 to $43.28 billion as at January 21 The Central Bank of Nigeria has left its lending rate for banks…

3 Things to Know Before Taking Out a Loan

Taking out a loan is a big step financially and should not be taken lightly. Yes, we understand there are those emergency situations that require you to borrow money. However, there are some things you want to keep in mind to determine if this is the best option for you. We made this brief list of 3 things you want to keep in mind before making a decision as big as taking out a loan. Consider Your Options Why do…