Nigerian banks rattled by N10trn debits, notify borrowers of imminent Interest Rates Hike Commercial banks in Nigeria are being rattled by over N10 trillion CRR debits they suffered in the hands of the Central Bank (CBN), which has driven interbank rates higher and forced banks to search for fixed deposits from institutional investors. Thus, to maintain their margins, banks appear to have decided to pass this higher cost to borrowers. READ ALSO: 11 Banks in trouble as EFCC probes link with Dubai-bound Nigerian caught with 2,886 ATM cards Nigerian…
Read MoreNigerian Banks rattled by N10trn Debits, Interest Rates Hike Imminent
