Nigeria: At 26.61%, Banks Maximum Lending Rate Drops to 5-Year Low
Published on: Tuesday 17 May 2022
Amid rising inflation rate that is expected to hike operating cost and plug profitability, banks have reduced maximum lending rate to 26.61 per cent, an over five-year low, the latest data by the Central Bank of Nigeria (CBN) on banks' deposit and lending interest rates has revealed.
News source: https://allafrica.com/stories/202205180318.html