By Emeka Chiakwelu
The Central Bank of Nigeria (CBN), the country's supremely reserve bank has made a decision of hiking the interest rate from 11% to 12%. It was puzzling to many financial and monetary observers because it was less than three months that CBN reduced the interest rate from 13% to 11%. Then it appeared that the monetary policy was gearing towards enhancement of liquidity, but the latest u-turn has thrown cold water to the pursuit of liquidity.....................
From chidi opara reports
chidi opara reports is published as a social service by PublicInformationProjects
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