Banks’ loans to customers were priced between 15.01 per cent and 30.70 per cent in the first quarter of this year, the Central Bank of Nigeria (CBN) has disclosed.
Banks’ loans to customers were priced between 15.01 per cent and 30.70 per cent in the first quarter of this year, the Central Bank of Nigeria has disclosed.
The average prime and maximum lending rates stood at 29.98 per cent and 14.99 per cent respectively in the fourth quarter of 2019. The average term deposit rate fell by 1.46 percentage points to 6.27 per cent. The spread between the average term deposit and average maximum lending rates widened by 1.93 percentage points to 24.43 percentage points.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aba shoe factory rated best in Nigeria - The Nation NigeriaThe Technical Partner of the Aba Automated Shoe Factory has rated the Aba Automated Shoe Factory as the most modernised shoe producing machines in the country.
Read more »
Fire guts seven buildings, 30 shops in Lagos - The Nation NigeriaFIRE on Saturday razed at least seven buildings and 30 shops at popular Ladipo Street in Mushin, Lagos.The inferno, which started around 3pm inside
Read more »
‘To end girl-child abuse, we must begin to raise our boys differently’'We must begin to raise our boys differently from how most African men are raised, with a lordship and entitlement mentality. We must as a matter of urgency include moral instructions in their syllabus' TemiloluOkeowo GuardianWoman
Read more »
Taxing Nigerians to death? (2) - The Nation NigeriaMuhammadu Sanusi II, the 14th Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), once apologised to Nigerians for having run the...
Read more »
30 Nigerian girls stranded in Lebanon seek Buhari's intervention - Daily Post NigeriaA total of thirty Nigerian girls stranded in Lebanon have begged the Nigerian government to release them. They made the appeal in a statement by the
Read more »
Can Nigeria achieve N18 trillion revenue target?- The Nation Nigeria NewsThe Minister of Finance, Budget and National Planning, Zainab Ahmed has hinted of plans to generate N13tn to N18tn across both oil and non-oil sources
Read more »