Nigeria has room to lower interest rates: finmin

LAGOS (Reuters) - Nigeria has room to lower interest rates but still keep inflation in single-digits, the finance minister said on Monday, despite the central bank saying last week that the recent trend of monetary tightening may not be over. The Central Bank of Nigeria (CBN) kept its benchmark interest rate on hold at 12 percent last week, bringing to an end six rate hikes running as the ...
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Added November 28, 2011
from Yahoo Nigerian News