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CBN holds rates, defends financing of FG

… Retains benchmark interest rate at 11.5% … IMF projects Nigeria economy to recover by 1.5%

The Central Bank of Nigeria (CBN) has signalled intentions to continue financing the Federal Government through ‘ways and means’ in 2021. “If government cannot finance its obligations, I think it will be irresponsible on the side of the CBN as the lender of last resort not to support the government,” Godwin Emefiele, CBN governor, said…

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