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62.31% of banks' deposits maturing in a month

*Show Nigerian banks’ inability to lend for long term projects An average of 62.31 per cent of all deposits in Nigerian banks have a maturity term of one month. This shows that most bank customers prefer to keep short term deposits with their banks, preferring to give themselves the option to renew if need be.
Read the rest of the story on Businessday Nigeria

Added December 06, 2011
from Businessday Nigeria