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Intervention Funds: Emefiele Warns Banks Against Charging Above 9%

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest on intervention funds guaranteed by the CBN. According to a statement, Emefiele gave the warning in Abeokuta, Ogun State, during an interaction...