THE IMPACT OF INTEREST RATE DEREGULATION ON COMMERCIAL BANKS’ LENDING OPERATIONS IN NIGERIA
CHAPTER ONE 1.1 BACKGROUND OF THE STUDY There had been administrative control on the nation’s interest rates until July 31, 1987, when, in consonance with the spirit of the structural adjustment program (SAP) of the Federal Government the Central Bank of Nigeria issued a circular on interest rates bordering on the deregulation of this financial sector of the economy. As a signal to the direction, the Central Bank wanted the ...
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