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Okonjo-Iweala perplexed by high interest rates

Okonjo-Iweala perplexed by high interest rates

“The first thing I have to say is that we have a central bank that is autonomous and it is the best practice to make these decisions. We may not be happy about it and I am bold to say we are not happy about high interest rates! As I said before, it is tough for our entrepreneurs to function. Even before the withdrawal of this liquidity, they were already charging over 20% interest rates and I think that is alarming. …we need to interrogate why. Structurally, what is the issue? And we are not willing to ask our banks that question.

Nigeria records reduction in polio cases

Nigeria records reduction in polio cases

Nigeria has recorded reduction of reported cases of the wild polio virus, WPV, even as Rotary International says insecurity in the northern part of the country is responsible for the slow progress of the eradication drive.