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CBN raises lending rate to 12%, wants fuel subsidy removed

Says banks now well capitalised TO hastily move against any possible shocks in the immediate future fuelled by global decline in growth, the Central Bank of Nigeria (CBN) and the West African Institute for Financial and Economic Management (WAIFEM) yesterday began proactive measures to protect Nigeria from the pangs of the expected pains due to global economic threat. While the CBN at an emergency meeting of the Monetary Policy Committee (MPC), the highest decision-making organ of the apex bank ...
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Added October 10, 2011
from Guardian News