Interest Rates in Nigeria: An Analytical Perspective
Research Journal of Finance and Accounting
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Title |
Interest Rates in Nigeria: An Analytical Perspective
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Creator |
Ikechukwu A, Acha
Chigozie K., Acha |
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Description |
This paper set out to examine the implications of interest rate for savings and investment in Nigeria. It used data obtained from the Central Bank of Nigeria (CBN). Data were analyzed using Pearson's Correlation Coefficient and regression. Evidence showed interest rate as a poor determinant of savings and investment indicating that bank loans are mostly not used for productive purposes. Therefore, bank loans should be channeled to productive investments if interest is to play its catalytic role in the Nigerian economy.
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Publisher |
The International Institute for Science, Technology and Education (IISTE)
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Date |
2011-10-01
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Type |
info:eu-repo/semantics/article
Peer-reviewed Article info:eu-repo/semantics/publishedVersion |
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Format |
application/pdf
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Identifier |
http://iiste.org/Journals/index.php/RJFA/article/view/328
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Source |
Research Journal of Finance and Accounting; Vol 2, No 3 (2011); 71-81
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Language |
eng
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Relation |
http://iiste.org/Journals/index.php/RJFA/article/view/328/217
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Rights |
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
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