Banks’ Lending Rate To Customers Hits 29.13 Percent - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  BIG BROTHER TITANS  |  FUNNY PICTURES  |   INSTALL 9JAFLAVER MUSIC APP  |  TRENDING/HOTTEST SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  COMEDY VIDEOS  |  9JAFLAVER HANGOUT  |  NIGERIAN MUSIC ARTISTES  |  CRYPTO-CURRENCY MARKET



REPORT A PROBLEM (HERE)




Banks’ Lending Rate To Customers Hits 29.13 Percent



Banks’ Lending Rate To Customers Hits 29.13 Percent

New reports have revealed that the maximum lending rate in the banking sector hit 29.13 per cent.

Also, 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.

According to the report, the prime lending rate was 13.85 per cent, while the inter-bank call rate was 12 per cent.

The Treasury bill rate was 4.35 per cent, one monthly deposit rate was 8.15 per cent, three months deposit rate was 3.79 per cent, six months deposit rate was 8.68 per cent, while 12 monthly deposit rate was 8.22 per cent.

Monetary Policy Rate stood at 16.5 per cent in the period under review.

The National Institute of Credit Administration, in its report for the growth, development and sustainability of micro, small, medium size enterprise sectors in Nigeria, said the government needs to support SMEs to drive economic growth.

It stated, “The higher the Monetary Policy Rate, the higher the interest rate charged on loans and lines of credit offered to MSMEs in the country. High-interest rate is an albatross to any MSME.”


 Whatsapp  Twitter  Facebook


Who Are You Voting To Be Your Next President? (GET IN HERE)


REPORT A PROBLEM YOU ARE FACING ON THIS WEBSITE SO WE CAN FIX IT (CLICK HERE)



CLICK HERE TO COMMENT ON THIS POST

CLICK HERE TO READ COMMENTS

Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348143945195 Or +2348173379226

Whatsapp: +2348143945195












Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-





Promoted Songs






DMCA.com Protection Status

© 2014-2023 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.