In contrast, the interest rate in South Africa, Nigeria’s perennial economic rival, is currently 6.75%. Unsurprisingly, many groups bemoan the high-interest rate environment, arguing that it restricts bank lending, which, in turn, impedes economic growth. Notwithstanding the truth in that statement, high interest rates serve multiple purposes. Bank Fixed Deposit Interest Rates Bank Lending Interest Rates Company Registrars Company Results - NSE Naira exchange rates Stock Market Daily Reports Stock Exchange (NSE) Company Reports Company Profiles - listed in the NSE Personal Financial Management SME Business Guide, Resources Treasury Bills / Bonds Auction Results The argument supporting the government’s present efforts to tilt the national debt portfolio mix towards external sources is that interest rates are lower abroad compared to rates in Nigeria