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

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

FCMB Group Plc reported a 54 percent surge in its gross earnings, driven largely by a strong performance in net trading ...

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

The Lagos Chamber of Commerce and Industry has asked the federal government to suspend its plan to implement a 4% customs Free On-Board (FOB) charge.

The return (yield) on Nigerian Treasury Bills (NTBs) has decreased as investors scrambled to buy newly issued bills.

The Chairman of the Organised Private Sector of Nigeria, Dele Oye, has called on the federal government to either suspend the implementation of the Free On-Board valuation on imports by the Nigeria ...

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

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...

CD rates are still riding high, but could fall in 2025 and 2026. That makes now a great time to lock in one of today's stellar returns for one, two or even five years down the road.

Bank of England Chief Economist Huw Pill has expressed disagreement with colleagues who are advocating for a substantial interest rate cut. Pill's argument is that the decision to alter the policy is ...

Reuters reported on Friday that the Reserve Bank of India (NSE:BOI) (RBI) intervened in the currency market to support the ...