The interest rate spread is the difference between the interest rates charged on loans and the interest rates...
The Chairman of the Bank Directors Association of Nigeria, Mustafa Chike-Obi, has stated that the Central Bank of Nigeria (CBN)’s decision to hike interest rates in the past two Monetary Policy Committee (MPC) meetings will severely harm the real economy, leading to limited economic growth and increased unemployment levels.
This announcement was contained in a notice signed by the Company Secretary.
