The governor of the Central Bank of Nigeria (CBN) has said that the intervention of the monetary policy committee prevented ...

The Central Bank of Nigeria (CBN) has increased the exchange rate for clearing goods at the nation's ports as Nigeria Customs ...

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

Commercial and merchant banks increased their deposits to CBN by 627.17%, amounting to N9.39 trillion in January 2025, ...

Short-term interest rates in Nigeria’s money market increased last week due to the Central Bank of Nigeria’s (CBN) large ...

Deposit Money Banks' liquidity deposits with CBN rOse by 627.17% to N9.39tn, reflecting improved financial stability in the ...

Credit default rates surged in Q4 2024 as corporate lending and unsecured loans increased, CBN report reveals.

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

Analysts at EDC Securities expect inflation to moderate slightly this year and the Central Bank expected to maintain a cautious stance leaving interest rates at highly attractive levels to attract ...

Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves. Olusegun ...

Causes of High-Interest Rate Spreads in Nigerian Banks Regulatory Requirements, Charges and Taxes: The CBN’s regulatory requirements, especially the high Cash Reserve Ratio (CRR) now at 50% and ...