CBN reset rates by 350bps, yet market is still offering banks yields above 17%

When the Central Bank of Nigeria cut its benchmark interest rate by 350 basis points in September, one of the immediate concerns for bank investors was that the lower-rate environment would eventually reduce what banks earn from loans, government securities and surplus cash placed with the CBN.

The post CBN reset rates by 350bps, yet market is still offering banks yields above 17% appeared first on Nairametrics.