EPISODE · Sep 26, 2024 · 28 MIN
Ways CBN's Interest Rate Hike Affects Nigerians
from Nigeria Daily · host Lilian Ogazi And Daniel Oluwole
CBN's interest rate is a powerful tool that affects all parts of the Nigerian economy, including your business as a trader. When rates go up, it makes borrowing more expensive, reduces consumer spending, and increases the cost of doing business. Join us in this episode of Nigeria Daily as we try to understand how the interest rate impacts your business and ways to adapt and stay afloat during challenging times.
What this episode covers
CBN's interest rate is a powerful tool that affects all parts of the Nigerian economy, including your business as a trader. When rates go up, it makes borrowing more expensive, reduces consumer spending, and increases the cost of doing business. Join us in this episode of Nigeria Daily as we try to understand how the interest rate impacts your business and ways to adapt and stay afloat during challenging times.
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Ways CBN's Interest Rate Hike Affects Nigerians
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