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 ...

The FX Code, therefore, serves as an official directive that all market participants are expected to observe in their operations. As part of compliance requirements, market participants must conduct a ...

Inflation has continued to be one of Nigeria’s most pressing economic challenges, with the Consumer Price Index (CPI) ...

The apex bank launched a new FX Code to boost liquidity and transparency, warning banks and traders of dire consequences if ...

The move of the CBN to hike rates in the outgoing year ... depicting the impact of the elevated interest rate environment on the real economy. However, credit to the government grew at a faster ...