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.

A total of 10 banks generated an estimated N14.4 trillion from interest on loans and advances to customers, among others in 2024, about 126.5 per cent increase over N6.34 trillion generated in 2023 ...

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.

Data from the Central Bank of Nigeria has indicated that banks’ credit to the private sector dipped for the second consecutive month in February 2025.According to the data available on the website of ...

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 ...

“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 Central Bank of Nigeria (CBN), has announced that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024. The CBN  revealed this in its Fourth Quarter ...

The Central Bank of Nigeria has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last ...

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

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