Savings interest rate now 10% per annum — CBN

Savings interest rate now 10% per annum — CBN


The Central Bank of Nigeria (CBN) has directed deposit money banks to review the interest payable on savings deposits downward to a minimum of 10 percent per annum of the Monetary Policy Rate (MPR) as against the 30 percent previously in force with effect from 1st September. Put differently, the new rate is 1.25 per […]

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