By Mustafa Chike Obi & Adetilewa Adeba Introduction The interest rate spread is the difference between the interest rates charged on loans and the interest rates paid on deposits. This has been an area of concern since the Nigerian banking liberalisation regime. The unusually wide spreads in comparison to regional and global banking institutions, suggests there are intrinsic and systemic inefficiencies within the Nigerian banking system and distortions in the economy at large. Stringent monetary policies and a tight regulatory regime also impact rate spread and invariably impact the economy.…
Read MoreADVERSE EFFECTS OF HIGH INTEREST RATE SPREADS ON THE NIGERIAN ECONOMY
