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| Lending Rate: Cbn Lists Sanctions Against Errant Banks, Reduces Mpr by Nobody: 1:27pm On Apr 09, 2009 |
The Central Bank of Nigeria has warned that it will henceforth suspend any Chief Executive Officer or official of a bank that charges interest rates above the maximum approved rate of 22 per cent. 9ijanewsbuiness..com The CBN, after its board meeting in Abuja on Monday, took the decision to ensure compliance with interest rates regulations. |
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