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MayThe monetary policy rate (MPR), which measures interest rates, has been increased by the policy-setting committee of the Central Bank of Nigeria (CBN) from 18 percent to 18.5 percent. Nigeria’s inflation rate increased to 22.22 percent last week as a result of the spike in food costs. Every other interest rate employed in an economy is based on the monetary policy rate (MPR), which serves as its foundation. The revelation was disclosed to the media on Wednesday following the committee meeting at the CBN headquarters in Abuja by Godwin Emefiele, governor of the federal bank. The apex bank would increase […]
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MarIntroducing the FirstCentral F-ALERT SMS/ EMAIL system. Get access to information on customer’s loan scoring and reports via SMS with analysis of the impact of non-repayments straight through your gadgets. F-ALERT aims to convince customers to pay up outstanding sums and improve their credit score.This medium reaches the customer directly, and educates them on the impact of late/non-repayment of their loans hence improving repayment without breaching the privacy law
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MarKeeping track of your credit score is critical to maintaining a favorable credit score. In Nigeria, you must contact a credit bureau such as Firstcentral Credit Bureau, where you will fill out a credit score checker form and your credit score will be sent to you in a short time. Things You Should Note A credit score is important in determining whether or not a lender will grant credit. Many banks and financial organizations use the FICO rating system. Repayment history, loan kinds, credit history duration, and an individual’s total debt are all factors in credit score. Credit usage,[…]