Could Nigeria’s Market Cap Reach 60 Trillion Naira by Year-End?
On this week's episode of Follow the Money with Ugodre, we explore the potential for Nigeria’s market capitalization to hit ...
Tag: interest rate
CBN’s rate hike, Trump’s tariffs unchanged Naira’s fortune in the black market
The Nigerian currency showed strength in the official currency market but remained lukewarm in the black market following the CBN’s ...
November 2024 MPR: CBN raises interest rate once again by 0.25% to 27.50%
The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from ...
Inflation, high interest rate, Naira instability continue to strain businesses in October- NESG report
A new report by the Nigeria Economic Summit Group (NESG) in partnership with Stanbic IBTC reveals that businesses continue to ...
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88 ...
Nigerians pay off N4.05 trillion personal loans in three months
Personal Loans owed by Nigerians to commercial banks fell from N7.52 trillion in the first quarter of 2024 to N3.47 ...
Interest rate: Cardoso setting Nigeria on the right course, says World Bank
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies ...
CBN survey shows 71.4% of Nigerians want lower interest rate
Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and ...
Raising interest rate to 27.75% painful for borrowers, Cardoso admits
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has acknowledged that the rise in the interest rate ...
Credit to government surges by N11 trillion in one month as private sector pays off debt
Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make ...
