Members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have identified investment in food storage facilities, development of policies to tackle supply-side constraints, ...

In Nigeria, the Monetary Policy Rate is the interest rate set by the Central Bank of Nigeria that serves as a benchmark for lending rates in the economy. It influences the cost of borrowing and the ...

Governor, Olayemi Cardoso, has pledged an unwavering commitment to sanitize the nation’s Foreign Exchange Market, aiming to ...

CBN vows to stabilize Naira, combat market manipulation. Official rate dips slightly, amidst reforms and surveillance.

Data from the Central Bank of Nigeria (CBN) reviewed at the weekend, indicated that banks’ credit to the private sector (CPS) ...

Six banks in the country posted N3.41 trillion as profit after tax for 2024, up from the N2.1 trillion recorded in the 2023 ...

Nigeria’s interbank lending rate surged to a five-year high of 28.58 percent in January 2025, reflecting the Central Bank of ...

The Central Bank of Nigeria (CBN) has revealed that Nigerians secured personal loans amounting to N470 billion from banks ...

A total of 10 banks generated an estimated N14.4 trillion from interest on loans and advances to customers, among others in ...

Nigeria’s naira climbed the most against the dollar in two weeks after the central bank said net foreign-exchange reserves ...

Unegbu regretted that some customers were reluctant about challenging their banks in the event of some ‘illegal’ charges.