Nigeria's leading finance and market intelligence news report.

Why financial literacy needs to be expanded in Nigeria

Many Nigerians who keep savings accounts do not have adequate knowledge on the fundamentals of savings and investment and that is costing the economy in no small way. For instance, the Central Bank of Nigeria (CBN) on the 31st of August 2020 reviewed the negotiable minimum interest rate paid on savings deposit to 1.25 percent…

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