Savings rate hits all-time high of 5.18%

Savings rate, also known as deposit rate, rose to an all-time high of 5.18 percent as of June 2023, according to data published by the Central Bank of Nigeria (CBN). It jumped from 2.96 percent in 2006, when the banking and financial industry regulator began the publication of money market indicators. The surge in deposit
read more Savings rate hits all-time high of 5.18%Businessday NGRead More