Tag: Benchmark Interest Rate
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SMEs struggle as Zenith bank offers N3.5bn loan to staff at 4 per cent
Zenith Bank Plc, one of Nigeria’s Tier-1 banks, has provided loans totaling N3.517 billion to its management staff at an interest rate of four per cent, as reported in its second-quarter 2023 financial statement. This revelation which was first brought to light by the Economy Post comes against the backdrop of the Central Bank of…