Since assuming office in September 2023, Governor Olayemi Cardoso has implemented several bold monetary policy reforms aimed ...

Since assuming office in September 2023, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has taken aggressive steps to stabilise the economy as his administration has focused on curbing ...

The Central Bank of Nigeria (CBN) has shifted its 299th Monetary Policy Committee (MPC) meeting, initially set for February ...

Banks’ borrowing from the  Central Bank of Nigeria, CBN, rose sharply by 395.2 percent week-on-week (WoW) to N4.72 trillion last week from N953.11 billion the previous week.

The naira devaluation and government borrowing have pushed money supply growth by 51 percent in one year, according to ...

The naira has sustained rally at both official and parallel markets, with the local currency, reaching its strongest level in ...

SAMI TUNJI examines Nigeria’s rising inflation crisis, the impact of excess liquidity, among other factors, further spotlighting efforts by the Central Bank of Nigeria to curb it through monetary ...

Experts warn that the high interest rate spread in Nigerian banks might hurt the nation’s economy by 20 to 30 percent, making ...

According to data from the Nigeria Inter-Bank Settlement sector, there were 311.65 million active accounts in the Nigerian ...

The average savings account interest rate is 0.41% APY (Annual Percentage Yield) according to the FDIC. However, many online financial institutions have much higher savings rates than the national ...

Basis points are a common unit of measurement for interest rates. One basis point is equal to 1/100 th of one percentage point, or 0.01%. For instance, a half a percentage point change in an ...

The proposal to elevate the maximum capital value to £485,000 would see these properties’ bills increase between £14.23 and £18.15 per week depending on the council area in which they are located and ...