The rise in interest rates in Nigeria will increase loan default risk, analysts at Financial Derivatives Company Limited have said.
The Central Bank of Nigeria (CBN) hiked its monetary policy rate to 13 percent in May from 11.5 percent to combat soaring inflation. It further increased the benchma
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
