Interest Rate

Nine Banks Make N14tn from Loans as Nigerians Struggle with Soaring Borrowing Costs
Nine Banks Make N14tn from Loans as Nigerians Struggle with Soaring Borrowing Costs

Nine Nigerian banks made over N14 trillion from interest on loans in 2024, even as…

CBN Report: Nigeria’s Net Forex Declines by 2.97% in Q3 2024
Despite 3.46% GDP Growth, CBN Likely to Increase Interest Rate to Curb Inflation

Nigeria’s Central Bank is expected to raise its benchmark interest rate again, according to a…

CBN Report: Nigeria’s Net Forex Declines by 2.97% in Q3 2024
CBN cites reason for increasing interest rates to 27.25%

The Central Bank of Nigeria (CBN) has cited a need to curb as its reason…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
Interest Rate Hikes: What Nigerian Business Owners Need to Know

The Central Bank of Nigeria (CBN), led by Olayemi Cardoso, for the fifth time this…

CBN Ups Interest Rate
Breaking: CBN Ups Interest Rate to 27.25%

The Central Bank of Nigeria (CBN), has announced its decision to increase the monetary policy…

Cybersecurity Levy
Why CBN Raised Interest Rate To 22.75 Percent

Yemi Cardoso, Governor of the Central Bank of Nigeria, has announced that the Monetary Policy…