NewsBreakNigeria
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USD/NGN 1,327.68 ▾0.1%GBP/NGN 1,753.58 ▾0.5%USD/NGN black market ₦1,384GBP/NGN black market ₦1,876EUR/NGN 1,496.30 ▾0.7%JPY/NGN 8.41 ▾0.5%CAD/NGN 932.85 ▾0.2%

‘Recapitalisation Pushes Bank Lending Rates To 22–23%’

The recapitalisation of Nigerian banks has pushed commercial lending rates below the Central Bank of Nigeria’s (CBN) Monetary Policy Rate (MPR), with some lenders now offering loans at between 22 and 23 per cent, the…

Aggregated · originally by Leadership
27 Sept 2026, 06:01 WAT · 3 min read
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‘Recapitalisation Pushes Bank Lending Rates To 22–23%’

The recapitalisation of Nigerian banks has pushed commercial lending rates below the Central Bank of Nigeria’s (CBN) Monetary Policy Rate (MPR), with some lenders now offering loans at between 22 and 23 per cent, the…