A total of 10 banks generated an estimated N14.4 trillion from interest on loans and advances to customers, among others in ...

The members of the organised private sector insist that the Central Bank of Nigeria must reduce the 27.50 per cent interest rate to boost economic growth.

IN a surprising move that underscores the complexity of Nigeria’s monetary environment, Nigerian banks deposited a total of ...

“Consumer credit outstanding rose by 11.06 per cent to N4.72 trillion at end-December 2024, from N4.25 trillion at end-September 2024. Personal loans increased by 21.27 per cent to N3.82 trillion ...

The Interest rates increased from 18.75% at the beginning of 2024, to 27.50% at the end of the year. The financial reports show that banks earned a lot from loans.

Despite Nigeria’s foreign exchange (FX) reserves still providing a buffer of more than 8.15 months of import cover, well ...

SharePersonal statements written by members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) at their meeting in February, indicate that the committee will not be in a hurry to ...

ShareThe Federal Government spent a total of N5.97 trillion on domestic debt service in 2024, latest data released by the ...