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“Micro finance banks are giving credit at 30 per cent and above. This can be very tough to take credit at that rate and get a return. That is why the operators of NIRSAL micro finance financial institution, the regulators, the Bankers’ Committee and NIRSAL got here together to see what can we do in another way.”For the Lead Director, Centre for Social Justice (CSJ), Eze Onyekpere, the 5 per cent interest charge, with a two-yr moratorium and five years repayment plans are welcome improvement, however nonetheless mentioned for the expected advantages to materialise, the initiative must be expanded.

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6. Russia – Russia is creating loads of uncertainty that makes predicting our financial future very difficult. Will it deploy tactical nuclear weapons as part of Russian President Vladimir Putin’s “special army operation”? Or will the mothers and wives who are losing sons and husbands to the battle further galvanize the nation towards the war effort? The worldwide discomfort created by the reactions of a man ensnared by his own miscalculations is casting a protracted shadow on world economies.