LCCI demands cheaper loans after CBN cut

By Yinka Kolawole LAGOS — The Lagos Chamber of Commerce and Industry, LCCI, has urged banks to translate the Central Bank of Nigeria’s 350-basis-point reduction in the Monetary Policy Rate, MPR, to 23 per cent into cheaper and more accessible credit for businesses, particularly small and medium enterprises. In a statement, LCCI Director-General, Dr Chinyere […] The post LCCI demands cheaper loans after CBN cut appeared first on Vanguard News .