A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …
Nigerian Deposit Money Banks (DMBs) have borrowed over N9 trillion from the Central Bank of Nigeria (CBN) to maintain their operations amid a significant liquidity crunch in the financial system. …
In a significant move to bolster agricultural productivity and ensure food security, Nigeria and Brazil have entered into a $1.1 billion agreement. This collaboration aims to enhance Nigeria’s agricultural infrastructure …
The South African Reserve Bank (SARB) recently opted to keep the benchmark interest rate steady at 7.5%, a move that has drawn criticism from economists who believe the central bank …
A new report from the Central Bank of Nigeria (CBN) has revealed that a majority of Nigerians are groaning under the burden of high borrowing costs, with a whopping 65.5% …
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …