Credit to private sector declined by N1.07 trillion in January amidst tightened interest rates
Nigeria’s private sector credit recorded a measured decline of N1.07 trillion (1.41%) in January 2025, bringing the total credit to ...
Tag: Interest Rates
News and analysis about interest rates
Top 10 loan apps in Nigeria and their interest rates as of December 2024
Nairametrics took a look at 10 of the most downloaded loan apps in Nigeria per Google Play Store data and ...
Finally, Nigeria overtakes Ghana regarding who has higher Interest Rates
Nigeria has officially overtaken Ghana as the country with the highest benchmark interest rate in West Africa, following the Central ...
Stock market attracts N502 billion inflow in October, but foreign investors remain wary
The Nigerian Exchange (NGX) recorded a total transaction value of N502.73 billion (approximately $300.05 million) for domestic and foreign portfolio ...
Nigerian banks focus on commissions, neglecting real economic growth – Dr. Muda Yusuf
Dr. Muda Yusuf, Managing Director/CEO of the Center for the Promotion of Private Enterprise (CPPE) has criticized Nigerian banks for ...
What Donald Trump’s second Presidency means for Nigerian economy
We analyze what it could mean for the Nigerian economy with focs on Exchange Rate, Interest Rate, Inflation, Immigration, Geopolitical, ...
IMF slashes borrowing costs by 36%, saving countries $1.2 billion yearly
The International Monetary Fund (IMF) has announced it is reducing the costs for countries that borrow money from it by ...
Ghana’s Central Bank lowers interest rate by 200 basis points
The Bank of Ghana has cut interest rates by 200 basis points from 29% to 27% as inflation slowed in ...
US Federal Reserve slashes interest rates by 0.5% as Nigeria awaits return of foreign investors
On Wednesday, the U.S. Federal Reserve implemented a 0.5% cut to its interest rates, marking the start of what many ...
Nigerians believe higher interest rates is bad for the economy – CBN survey
A small but notable portion of Nigerians believes that increasing interest rates would be the key to improving the country’s ...
