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CBN should force banks to borrow to SME only at single digit interest rates. The banks should be compensated with other concessions.
These days there is little money in the system (no liquidity). Crude oil, which should have given Nigeria easy liquidity has crashed. The consequences of this are clear for everyone. Nigeria needs cash to stimulate spending, short term borrowing and investment, boosting the economy. One thing that would work is for the CBN to reduce…
After beginning market-driven currency trading, CBN Iis hopeful Naira’ll settle at … Read more at the link.