illmatic101:
Lets see where this is going. I may add a thing or two to it.

Godfullsam:


Lemme try

1. Increase in interest rate will slow down spending thereby reducing the volume of money in circulation.

2. It helps to increase the return (profits) on savings. If you Goan fix your money in the bank, your banks will pay you additional 22.7% of the amount you fixed in the bank after 1 years .
3. It will affect small and medium business aspirants who intend to loan money from the banks to start up their businesses (22.7%) interest rate nobi beans o .

4. It is one of the greatest weapon used by monetary policy makers to fight inflation in any economy.

5. It is beneficiary for those who have enough money to spare (they will be encouraged to save and earn more). But it is big wahala for those who need money to spend ( young business aspirants because they will have to pay more interest for any amount borrowed) and if the business fails, OYO!
In the case of our present economic reality, the aim of jacking up the interest rate is to mop up excess money in circulation by encouraging savings and reducing spendings while beating down inflation as much as possible .
I have mentioned some advantages and disadvantages for you.

Say me thank you

Beautifulday:


You don't know how to finish a good debate. I dey vex for you.

I am not here to confuse but to convince you without bias and vabocity that statistics is very important is having food on your table.

ivolt:

No Nigeria leaders travels abroad to rest.
If it is not official visit, then it is for checkup/treatment.

LOVEALAIGBO:


Blame the Nigerian state that did the actual murdering (both overtly and covertly) and leave Mazi Kanu, who was responding to their evil and inability to fulfill their constitutionally required obligations, out of it!

What even Mazi Kanu may have failed to realise is that the bastards calling for and enforcing the sit-at-home....as well as those driving the narrative on social-media (like nairaland).....they all are in cahoots or in support of elements within and around the Buhari/Tinubu govt's! THEY don't want him released and it's THEM who are not obeying, or treating with contempt, a valid court order that freed him unconditionally!

Ozommadu:
$1000= 7,600,000 million naira.

How many Nigerians have atleast #500,000 in their current account??

You Don ever see American citizens like this below?