…accelerated beyond its current pace. Meanwhile, 35.6% of respondents expected bank lending rates to increase over the next three months, while 57.2% preferred interest rates to decline. At the same time, 46.5% acknowledged the need for higher interest rates to help contain inflation.Food remained the biggest spending p…

…the second meaningful drop in the maximum lending rate in 2026.Fresh CBN data show prime lending rates range from 1% to over 41% across Nigerian banks. Photo: CBN>The rate opened 2026 at 32.68% in January, climbed to 35.17% in February, and held near that level through April before beginning to ease.Why Rates Are Still…

…story has been written. “The industrial half will be written in kilowatt-hours, lending rates and port days. The window is open. No window stays open forever,” Bakrin said.

How lending rates compare among banks A review of lending rates across major banks shows significant differences depending on loan categories and customer segments. Zenith Bank's lending rates vary according to loan type and borrower profile. Its MSME loan product, which caters to businesses seeking between N500,000 an…