
As global economic conditions continue to drive higher borrowing costs, leading financial services provider, Sovereign Finance Company Limited, recently held a webinar, which provided critical insights into the factors affecting interest rates, their impact on borrower and strategies for making smart financial decisions during this period of economic uncertainty.
Titled “Riding the Tide: Smart Borrowing Amidst High Interest Rates,” the event brought together financial experts, business leaders, and individuals seeking practical solutions to the challenges posed by rising interest rates.
Speaking at the event, Olatunji Esan, Chief Operating Officer, SFL Asset Management Limited, gave an overview of the current economic environment with Nigeria’s interest rate rising following an additional 50 basis points by the Central Bank of Nigeria in September 2024 and the need to make important smart borrowing decisions in times like this.