Interest rates in Nigeria's money market increased sharply last week as banks scrambled to secure funds to meet their financial obligations.

A liquidity crisis might be brewing as data shows that banks borrowing from CBN has grown almost five times within one week, ...

Obi & Adetilewa Adebajo The interest rate spread is the difference between the interest rates charged on loans and the ...

Experts have warned that Nigeria's high interest rate spread and 50% Cash Reserve Ratio are stifling Nigeria’s economic ...

High interest rate spread in Nigerian banks could potentially drag the country's economy by 20 to 30 percent, adding more ...

The Central Bank of Nigeria (CBN) has confirmed that the 299th meeting of its Monetary Policy Committee (MPC), initially scheduled ...

Due to a lack of cash in the financial system, Nigerian banks have taken a record N1.2 trillion loan from the CBN to keep ...

At the last meeting in September, the monetary authorities extended the bench- mark rate to 27.25%, a new record ...

Rand Merchant Bank Nigeria has said it served as the joint lead issuing house for Presco Plc in Series 1 of its N150 billion ...

Banks borrowing from the Central Bank of Nigeria (CBN) declined significantly by 43.76 per cent month on month, while ...