Nigeria’s economic outlook showed signs of relief in August 2025, as the country’s headline inflation rate eased to 20.12%, down from 21.88% in July, according to...
Nigeria’s headline inflation slowed for the fifth straight month in August 2025, offering some relief to households struggling under the weight of rising living costs. According...
The Nigerian naira ended the past week on a slightly weaker note, recording a 0.14% depreciation against the U.S. dollar at the Nigerian Foreign Exchange Market...
The Central Bank of Nigeria (CBN) has once again held its benchmark interest rate steady, maintaining the Monetary Policy Rate (MPR) at 27.5 percent. The decision...
Nine leading Nigerian banks raked in a staggering combined interest income of N14.26 trillion in 2024, reflecting a sharp increase in borrowing costs for businesses, especially...
The Central Bank of Nigeria (CBN) has announced the appointment of 16 new directors across key departments in a significant leadership shake-up aimed at strengthening regulatory...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s interest rate at 27.50%. CBN Governor Olayemi Cardoso announced the...
The Bank of England has reduced its base interest rate from 4.75% to 4.5%, signaling a shift in monetary policy aimed at bolstering economic growth. This...
In a decisive move to combat Nigeria’s surging inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously voted to raise...
