The interest rate in Nigeria (or in any other country, to be fair) can change in a matter of months. In contrast, the interest rate in South Africa, Nigeria’s perennial economic rival, is currently 6.75%. 1. The Committee expects that the Nigerian economy may record negative quarterly GDP growth in the 2nd quarter of 2020, but there is cautious optimism that the year may end in marginal negative territory, with strong recovery prospects in 2021. The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) rose from 40.7 in May to 46.4 in June. It was the first rate cut since March of 2019. It’s rather simple. Then after 90 days, it would increase by 30%. NaijaTechNews is a leading Tech Blog in Nigeria with sizable audience in Kenya, Ghana, and India.If you think this post can be helpful to somebody else, please share it on Twitter, Facebook or Whatsapp it to friends. This page provides - Nigeria Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. First Bank of Nigeria fixed deposit account interest rate. Interest Rate Decision Bank Fixed Deposit Interest Rates Bank Lending Interest Rates Company Registrars Company Results - NSE Naira exchange rates Stock Market Daily Reports Stock Exchange (NSE) Company Reports Company Profiles - listed in the NSE Personal Financial Management SME Business Guide, Resources Treasury Bills / Bonds Auction Results Eight committee members backed the decision, while the remaining two called to lower the rate. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Consider sharing this article with your friends, and good luck with your investment!NaijaTechNews is the best blog for Technology News media platform that focuses on latest Tech News, Gadget Reviews, Smartphones, Tablets, Smartwatches, Notebooks, Ultrabooks, TVs and Gaming Consoles with best shopping stores to buy, Apps, Startups, Gadget Reviews, Specs, and Tips. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits … In Nigeria, interest rate decisions are taken by The Central Bank of Nigeria. Interest Rate Decision Consumer prices increased 1.17% over the last month in May, accelerating from April's 1.02% increase. Knowing the treasury bills rate in Nigeria 2020 will help you to have an insight on the interest rates that the financial institution we have in this country, especially the bank offers to investors. Then after 90 days, it will increase by 4.5%.Fixed deposit in GTBank for 30 days, 60 days or 90 days or any length of time yields 3% interest rate.This customer friendly bank gives out the highest interest rate in Nigeria as your investment increases by 5% after 30 days, 5.25% interest rate after 60 days and 5.5% after 90 days of investment.A fixed deposit is a kind of bank service also called FD which grants you a guaranteed interest rate which is different from other types of deposits.
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