[PERSON]
George Onafowokan
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Situations
Monetary policy and lending rate shifts in Nigeria
9 clusters · 48 sources · last updated
Latest: Nigeria banking sector faces scrutiny over recapitalisation and international earnings
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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