LAGOS STATE AND OTHERS URGE CBN TO REDUCE INTEREST RATES
Governor Ambode and others call on CBN to reduce lending rate to five(5) percent. While speaking at the 9th annual bankers committee retreat held in Lagos, Lagos state Governor Akinwumi Ambode called on the Central Bank of Nigeria (CBN) to consider reducing the interest rate for the N220 billion Micro Small and Medium Enterprises (MSMEs) intervention loan to 5 percent. This reduction he said will encourage more off take as the CBN Governor, Godwin Emefiele had earlier on expressed disappointment…
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