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...
