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High interest rates push Nigeria to 4th place in Africa’s borrowing cost rankings

By Chinwendu Obienyi Nigeria now ranks as the fourth most expensive country for borrowing in Africa, following a series of aggressive interest rate hikes aimed at taming inflation and stabilizing the local currency. This is according to a recent report by Nairametrics Research, which revealed that Zimbabwe, Sudan, and Ghana top the list of African […] The post High interest rates push Nigeria to 4th place in Africa’s borrowing cost rankings appeared first on The Sun Nigeria.


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