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CBN's MRR Lending Rates to Impact On Capital Market.
(From Vanguard (Nigeria) - AAGM)
Byline: Peter Egwuatu
THE Securities and Exchange Commission (SEC), apex capital market regulator has stated that with the maximum bank lending rate of 20 percent and Central Bank of Nigeria's MRR of 14 percent , the capital market remains the best option to source funds for investment and productive activity.
The director - general of the Commission, Mallam Suleyman Ndanusa while addressing newsmen, recently said that although the current level of cost of funds from the capital market which stands at 7 percent still gives the capital market an edge and thus would impact positively on the growth of capital market as …
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