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ARTICLE DETAILS ABSTRACT History Revised format: August 2020 Available Online: September 2020 The cardinal objective of this research is to analyze the impact of interest rate spread on the efficacy of commercial banks’ lending in Nigeria. Data employed in this study were elicited from Central Bank of Nigeria Statistical bulletin, 2018 and International Monetary Fund, International Financial Statistics and data files. Unit root test result showed that the variables were integration of 1(0) and 1(1), the Autoregressive Distributed Lag (ARDL) Model was employed to analyze data. Several diagnostic tests were carried out and they all confirmed the goodness of fit and validity of the model employed. The findings elicited from this study showed that: commercial banks’ loans and advances responded positively and significantly to the impact of interest rate spread in Nigeria. The study concludes that interest rate spread had a positive impact on loans and advances of commercial banks’ within the scope of this study. The study recommend that commercial banks in Nigeria should maintain their current interest rate spread strategy, since it is yielding profit and helping them realize a high demand for their loans and advances in Nigeria.

Interest Rate Spread and the Efficacy of Commercial Banks’ Loans and Advances in Nigeria