While commercial banks seek creative ways to expand their fixed fund deposit, policy authorities in Nigeria should better coordinate interest rate fluctuation and induce competition in the entire financial sector. Keywords鈥擟ommercial bank, fixed fund deposit, fluctuation effects, interest rate....
BANK SPECIFIC, INDUSTRY SPECIFIC AND MACROECONOMIC DETERMINANTS OF BANK PROFITABILITY IN NIGERIA This study investigates the impact of bank-specific, industry-specific and macroeconomic indicators on bank profitability in Nigeria over the time period from 1998 to 2012, using random-effect model. Bank ...
Central Bank key rates are the current interest rates of central banks. Are the rate at banks can borrow money from the central bank. Central Bank key rates are used by central banks to shape monetary policy.
Exchange rateVolatilityNigeriaThis study investigated the impact of unstable exchange rate on bank performance in Nigeria using two proxies for bank performance, namely loan loss to total advances ratio and capital deposit ratio. Government expenditure, interest rate, real gross domestic product were ...
ABUJA, May 24 (Xinhua) -- Nigeria's apex bank on Tuesday raised the Monetary Policy Rate, the benchmark interest rate, to 13 percent -- the first hike in more than two years. The Central Bank of Nigeria (CBN) raised the interest rate by 150 basis points to combat rising inflation in...
The London Interbank Offered Rate (LIBOR) – one of the most widely used interest rate benchmarks by banks in the world, will be replaced by alternative, risk-free reference rates by the end of 2021. LIBOR and its determination process have come under scrutiny from global regulators following...
RISK COMPONENTS AND THE FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA This study examines the effects of the various risk components like credit risk, interest rate risk and operational risk on the financial performance of Deposit Money Banks in Nigeria. The study is spurred by the persis...
Daily Exchange Rate Guide for Stanbic IBTC Bank 2025-01-28 35 KB XLSX Receive, spend and send money without any charges from your eNaira wallet. eNaira is a digital currency that utilises block chain technology. It is issued by the Central Bank of Nigeria (CBN) and has the sa...
Nigeria’s interest-rate increases will have limited impact on inflation while the central bank continues with deficit financing, economists say.
Nigeria | Monetary Policy Rate 26 Nov 2024 Central Bank 5.55% - 0.25 North Macedonia |Central Bank Bills 18 Dec2024 Central Bank 13.00% - 2.00 Pakistan | Policy Rate 16 Dec2024 Central Bank 6.00% -0.25 Paraguay | Policy Interest Rate ...