Interest spread, which is the difference between interest rate on loans and deposits reached 7.28% in 2021 in Nigeria, according to the National Central Bank. This is 19.1% less than in the previous year.
Historically, interest spread, which is the difference between interest rate on loans and deposits in Nigeria reached an all time high of 11.1% in 2010 and an all time low of 0.317% in 1985.
Nigeria has been ranked 28th within the group of 88 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits.
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