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 ...

In Nigeria, the Monetary Policy Rate is the interest rate set by the Central Bank of Nigeria that serves as a benchmark for lending rates in the economy. It influences the cost of borrowing and the ...

Nigeria’s interbank lending rate surged to a five-year high of 28.58 percent in January 2025, reflecting the Central Bank of ...

The Central Bank of Nigeria (CBN) has revealed that Nigerians secured personal loans amounting to N470 billion from banks ...

the Central Bank of Nigeria (CBN) made a decisive move by raising the Monetary Policy Rate (MPR) by 875 basis points to 27.5 per cent in 2024. This bold step was crucial in containing inflation ...

NESG unveils 'Arc of the Possible', a new Nigeria economic strategy targeting inflation, forex stability, and fiscal health, ...

“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 ...