- Nigeria cuts savings bond rates by 145 basis points
- Move follows liquidity surge and policy rate reduction
ABUJA, NIGERIA – Nigeria has reduced its monthly savings bond rates by 145 basis points in its March offer as liquidity conditions improved in the domestic market.
The rate cut, announced in an offer statement released Monday, reflects easing pressures in Africa’s largest oil producer after months of aggressive monetary tightening aimed at taming inflation and stabilising the naira.
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