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Chartered Institute of Directors Nigeria

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Monetary policy and lending rate shifts in Nigeria

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Latest: Central Bank of Nigeria urges banks to use ₦4.65tn capital for productive lending

In Nigeria, banking lending rates have begun to decline following a reduction in the Monetary Policy Rate (MPR). In August 2026, the average maximum lending rate dropped to 29.19 percent from 33.16 percent in July, follo

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