The average maximum rate applied by Nigerian banks to loans decreased to 33.16% in June, down from 34.78% a month earlier, according to the latest data from the Central Bank of Nigeria (CBN). This decline comes as the CBN has kept its benchmark rate at 26.5%. The Monetary Policy Committee has maintained this level since…...
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Nigeria: average maximum loan rate falls to 33.16% in June
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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