Tag Archives: Banks

CBN Instructs Banks to Begin Payment of New Naira Notes

The Central Bank of Nigeria has directed all commercial banks to start paying the new naira notes to customers over-the-counter in the banking halls. The development was confirmed in a statement on Thursday by the bank’s Director of Corporate Communications, Osita Nwanisobi. The apex bank assured Nigerians that the queues …

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Banks Lending Rate To Customers Rises To 29.13%

Godwin Emefiele Figures obtained from the Central Bank of Nigeria on money market indicators, on Monday, have revealed that the maximum lending rate in the banking sector has hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end of December 2022. Prime lending rate …

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