{"id":2208,"date":"2026-09-29T13:47:10","date_gmt":"2026-09-29T13:47:10","guid":{"rendered":"https:\/\/kufmtv.net\/?p=2208"},"modified":"2026-09-29T13:47:10","modified_gmt":"2026-09-29T13:47:10","slug":"banks-yet-to-lower-lending-rates-nearly-a-week-after-cbns-mpr-cut","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/09\/29\/banks-yet-to-lower-lending-rates-nearly-a-week-after-cbns-mpr-cut\/","title":{"rendered":"BANKS YET TO LOWER LENDING RATES NEARLY A WEEK AFTER CBN’S MPR CUT"},"content":{"rendered":"\n
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Nearly a week after the Central Bank of Nigeria lowered the lending rate from 26.5% to 23%, Nigerian commercial banks have yet to reduce lending rates.<\/p>\n\n\n\n

Lending rates across the banking sector remain elevated, ranging from about 20% to as high as 46%, depending on customer risk profiles and individual bank pricing models.<\/p>\n\n\n\n

Bank sources who spoke to Naira metrics, only savings deposit rates tied to the MPR may decline, while lending rate decisions await review by asset-liability committees.<\/p>\n\n\n\n

CPPE CEO Dr Muda Yusuf said the effectiveness of the rate cut depends on how quickly banks transmit the change to borrowers.<\/p>\n\n\n\n

The 350-basis-point cut represents the largest reduction in the benchmark rate since December 2006, when the CBN slashed the MPR by 400 basis points.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nearly a week after the Central Bank of Nigeria lowered the lending rate from 26.5% to 23%, Nigerian commercial banks […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"h5ap_radio_sources":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2208","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"kufmtv","author_link":"https:\/\/kufmtv.net\/index.php\/author\/kufmtv\/"},"rttpg_comment":0,"rttpg_category":"News<\/a>","rttpg_excerpt":"Nearly a week after the Central Bank of Nigeria lowered the lending rate from 26.5% to 23%, Nigerian commercial banks […]","_links":{"self":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/2208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/comments?post=2208"}],"version-history":[{"count":1,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/2208\/revisions"}],"predecessor-version":[{"id":2210,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/2208\/revisions\/2210"}],"wp:attachment":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/media?parent=2208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/categories?post=2208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/tags?post=2208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}