Also speking, the President of the Association of the Capital Market Academics in Nigeria (ACMAN), Professor Uche Uwaleke said the decline in maximum lending rate is as a result of excess liquidity in the banking sector, stating that the interventions by CBN also forced banks to ...
This paper examines the effects of commercial bank lending on economic growth in Nigeria for the period 1970-2013, using the rise in non-oil GDP as a measure of economic growth. The theoretical underpinning of the role of commercial bank lending in economic growth is based on the combination ...