{"id":80942,"date":"2023-01-24T11:21:11","date_gmt":"2023-01-24T10:21:11","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/banks-lending-rate-to-customers-hits-29-13-percent"},"modified":"2023-01-24T12:51:30","modified_gmt":"2023-01-24T11:51:30","slug":"banks-lending-rate-to-customers-hits-29-13-percent","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent","title":{"rendered":"Banks\u2019 lending rate to customers hits 29.13 percent"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as of December 2022.<\/p>\n

On Monday, figures from the Central Bank of Nigeria on money market indicators were revealed.<\/p>\n

According to the report, the prime lending rate was 13.85 per cent, while the inter-bank call rate was 12 per cent.<\/p>\n

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.<\/p>\n

Monetary Policy Rate stood at 16.5 per cent in the period under review.<\/p>\n

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.<\/p>\n

It stated, \u201cThe 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.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The maximum lending rate in the banking sector hit 29.13 per cent, while 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, […]<\/p>\n","protected":false},"author":84,"featured_media":80941,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,2782,9650,254],"class_list":["post-80942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-banks","tag-customers","tag-nigeria"],"yoast_head":"\nBanks\u2019 lending rate to customers hits 29.13 percent - Nigeria<\/title>\n<meta name=\"description\" content=\"The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks\u2019 lending rate to customers hits 29.13 percent\" \/>\n<meta property=\"og:description\" content=\"The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-24T10:21:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-24T11:51:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banks\u2019 lending rate to customers hits 29.13 percent\",\"datePublished\":\"2023-01-24T10:21:11+00:00\",\"dateModified\":\"2023-01-24T11:51:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\"},\"wordCount\":191,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"banks\",\"customers\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\",\"name\":\"Banks\u2019 lending rate to customers hits 29.13 percent - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg\",\"datePublished\":\"2023-01-24T10:21:11+00:00\",\"dateModified\":\"2023-01-24T11:51:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg\",\"width\":1440,\"height\":1440,\"caption\":\"Banks\u2019 lending rate to customers hits 29.13 percent\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banks\u2019 lending rate to customers hits 29.13 percent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Banks\u2019 lending rate to customers hits 29.13 percent - Nigeria","description":"The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent","og_locale":"en_US","og_type":"article","og_title":"Banks\u2019 lending rate to customers hits 29.13 percent","og_description":"The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent","og_site_name":"Nigeria","article_published_time":"2023-01-24T10:21:11+00:00","article_modified_time":"2023-01-24T11:51:30+00:00","og_image":[{"width":1440,"height":1440,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Banks\u2019 lending rate to customers hits 29.13 percent","datePublished":"2023-01-24T10:21:11+00:00","dateModified":"2023-01-24T11:51:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent"},"wordCount":191,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg","keywords":["Africa Press","Africa Press-Nigeria","banks","customers","Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent","name":"Banks\u2019 lending rate to customers hits 29.13 percent - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg","datePublished":"2023-01-24T10:21:11+00:00","dateModified":"2023-01-24T11:51:30+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674546676.96.jpg","width":1440,"height":1440,"caption":"Banks\u2019 lending rate to customers hits 29.13 percent"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-lending-rate-to-customers-hits-29-13-percent#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Banks\u2019 lending rate to customers hits 29.13 percent"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/80942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=80942"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/80942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/80941"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=80942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=80942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=80942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}