How interest rate reduction may affect credit-based fintechs

by | December 26, 2017 11:56 am

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria left the interest rate at 14 percent for the seventh time in September this year. That decision has drawn several commentaries, with majority of voices urging the apex bank to consider reducing the rate, because according to them this will help credit availability for…

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