Banks Re-price Deposit Rates Lower But Not Credit - Business - Nairaland
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| Banks Re-price Deposit Rates Lower But Not Credit by Adesiji77: 8:36am On Dec 07, 2015 |
As a result of the recent cut in interest rate by the Central Bank of Nigeria (CBN), deposit money banks have begun to reprice deposit rates lower, even as they stand firm on loans as customers still pay between 25 and 30 percent as cost of borrowing in a system already awash with liquidity DETAILS LATER http://businessdayonline.com/2015/12/banks-re-price-deposit-rates-lower-but-not-credit/ lalasticlala |
| Re: Banks Re-price Deposit Rates Lower But Not Credit by kennyman2000(m): 9:26am On Dec 07, 2015 |
Hmmmmmm |
| Re: Banks Re-price Deposit Rates Lower But Not Credit by Truth234(m): 9:42am On Dec 07, 2015 |
Nigerian banks/Gov always milking the masses dry. Repricing deposit rate while leaving borrowing cost high will invalidate the MPC momentary policy of stimulating the economy, affect job creation and hurt businesses. |
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