A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...

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

Short-term interest rates in Nigeria’s banking system have increased due to a shortage of available cash in the financial market.

High interest rate spreads often signal structural inefficiencies, heightened risks, or restrictive monetary conditions, all of which ...

The Central Bank of Nigeria (CBN) has increased exchange rate to clear goods at the nations ports as Nigeria Customs begins ...

The Nigerian Association of Chambers of Commerce, Industries, Mines, and Agriculture (NACCIMA) has raised concerns about Nigeria’s economic outlook for ...

Dele Kelvin Oye has emphasised focusing on increasing productivity instead of imposing taxes and sanctions that hinder ...

Interest rates in Nigeria’s interbank market have increased sharply due to a shortage of available cash in the financial ...

ECB policymaker Mario Centeno expressed his hopes for a quicker drop in key interest rates to 2% this year, according to an interview on Wednesday with Reuters. Currently at 2.75%, Centeno, who is ...

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

The RBA could take the falling Aussie dollar into account when it meets next month to discuss interest rates. (Source: Getty/AAP) "I can't wait for the rates to drop, but I think the RBA is going to ...