Following the Central Bank of Nigeria’s (CBN) consistent hike of its Monetary Policy Rate (MPR), the banking sector’s maximum lending rate increased to 29.49 per cent in April, rising from 29.38 per cent in March 2024, the highest since 2020. When…
…Nigeria’s GDP growth slows to 2.31% in Q1 2023, NBS blames Naira scarcity By Seun Ibiyemi The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18.5 per cent from…
The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as of December 2022. On Monday, figures from the Central Bank of Nigeria on money market indicators were revealed.…
