Relief as Banking Sector Lending Rate to Businesses Drop to 29.19%

Kayode Tokede Amidst outcry by businesses in Nigeria over the high cost of borrowing, the banking sector average maximum lending rate closed August 2026 at 29.20 per cent, about 3.96

Aggregated · originally by ThisDay

21 Sept 2026, 03:15 WAT · 3 min read

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Relief as Banking Sector Lending Rate to Businesses Drop to 29.19%

Kayode Tokede Amidst outcry by businesses in Nigeria over the high cost of borrowing, the banking sector average maximum lending rate closed August 2026 at 29.20 per cent, about 3.96

Relief as Banking Sector Lending Rate to Businesses Drop to 29.19%

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