Tag
INTEREST RATE
Interest rates affect everything—from the cost of loans to the returns on your savings. But what determines these...
Nigeria's private sector borrowed an additional N1.89 trillion in November 2024, raising the total credit to N75.96 trillion from N74.07 trillion in October.
On this week's episode of Follow the Money with Ugodre, we explore the potential for Nigeria’s market capitalization...
The Nigerian currency showed strength in the official currency market but remained lukewarm in the black market following the CBN’s interest rate hike.
The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from 27.25% to 27.50%, in a bid to address the rising inflation in the country.
A new report by the Nigeria Economic Summit Group (NESG) in partnership with Stanbic IBTC reveals that businesses continue to be strained by economic challenges such as high inflation and interest rate coupled with instability of the Naira in the foreign exchange market.
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in the previous quarter.
Personal Loans owed by Nigerians to commercial banks fell from N7.52 trillion in the first quarter of 2024 to N3.47 trillion in the second quarter of the year as Nigerians continue to face high interest rates on their debts.
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction.
Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and economic hardship.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has acknowledged that the rise in the interest rate to 27.25% is “painful” for borrowers but stressed that the decision is necessary to reduce excess money in circulation and control inflation effectively.
Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make government securities more attractive to investors.