Nigerian cable tycoon George Onafowokan demands a rate cut from the Bank of Industry
Billionaires Africa | 27.09.2026 22:04
Nigerian commercial banks were already lending at between 22% and 23% before the central bank cut its benchmark rate this week, George Onafowokan said, which put the market well below the 26.5% the Central Bank of Nigeria had been charging on paper.
