Bank accounts are essential tools for managing personal finances, and in Nigeria, there are several types to suit different ...

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 ...

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

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

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

As banks are geared up to meet the new CBN requirements, analysts expect that a few banks may consider downgrading their ...

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

South Africa, Kenya and Egypt’s central banks are among the eight likely to cut interest rates. Nigeria, Ghana and Mozambique ...

In the coming month, African central banks representing nearly three-quarters of the continent's GDP are expected to adopt varying approaches to interest rates. Factors influencing these decisions ...

Nigeria may struggle to attract foreign capital due to negative real interest rates, hindering economic growth.