Nigeria Lifts Key Policy Rate to New High of 27.25% The Central Bank of Nigeria unanimously decided to further increase its benchmark interest rate by 50 bps to a new record high of 27.25% on September 24th, 2024, marking the fifth consecutive hike this year. The decision aimed at quelling...
This study examined the effect of interest rate and savings on industrial productivity in Nigeria. The Ordinary Least Square OLS multiple regression analysis was applied on data from Central Bank of Nigeria (CBN) Statistical Bulletin in a model where industrial sector output ...
Interest Rate Variation And Investment Determination In Nigeria. International Business Management. 4 (2) 41-46Eregha, P. B (2010). Interest Rate Variation and Investment Determination in Nigeria. International Business Management Medwell Journals 4(2): 41-46 ISSN: 1993-5250...
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It was then recommended that investment-friendly interest rate is a sine-quo-non for promoting industrial growth in Nigeria.Key Words: Interest rate;Broad money supply;industrial-GDP; and financialOkonkwo N. Osmond
The purpose of this paper is to investigate the determinants of interest margins in Nigeria, with a view to recommending policies that will reduce the spread. This study is significantly different from other similar studies done in Nigeria such as Enendu (2003), Onwioduokit and Adamu(2005) ...
Policy Interest Rate (%) Data 20192020202120222023 Afghanistan0.500.81--- Albania1.000.500.502.753.25 Algeria3.503.003.003.003.00 Angola15.5015.5020.0019.5018.00 Antigua and Barbuda8.537.587.517.526.88 Argentina55.0038.0038.0075.00100.00 Armenia5.505.257.7510.759.25 ...
The current financial reforms should be directed at achieving a more liberal deposit rate of interest.doi:10.5539/ass.v8n3p292Elijah UdohUchechi R. OgbuaguAsian Social ScienceElijah Udoh.2012.Interest Rate Liberalization,Financial Development and Economic Growth in Nigeria(1970-2008)[J].Asian Social ...
Rates Bracket Qualifying Amount Proposed Interest Rate Tier 1 NGN1 – NGN999,999.99 9% Tier 2 NGN1,000,000 – NGN19,999,999.99 10% Tier 3 NGN20,000,001 – NGN99,999,999.99 10.50% Tier 4 NGN100,000,000 and Above. 11%Eligibility & Documents Terms & Conditions Contact Us ...
The study empirically investigates the impact of interest rate and exchange rate on capital market performance in Nigeria. Secondary data were obtained from central bank of Nigeria statistical bulletin and Security exchange commission (SEC) covering the period of 1978 to 2012. Multiple regressions and ...