CBN Pegs Savings Deposit Rates at 1.25%
The Nigerian mother-bank CBN has greeted all Nigerian deposit money banks with a new directive. On 1st September 2020, the Central Bank of Nigeria (CBN) instructed all banks in Nigeria not to negotiate interest on savings accounts below 1.25% of the deposit.
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As seen on the CBN!-->!-->!-->!-->!-->…
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