In this episode of Everyday Money Matters, Ogechi sat down with the city gentleman himself, Idika Aja, to...
Nigerian corporates are increasingly turning to the short-term capital market for funding as high interest rates make traditional borrowing channels, particularly bank overdrafts and long-term debt, far more costly.
Loan defaults worsened across all major borrower categories in the second quarter of 2025, with small businesses emerging...
The Nigerian Government has taken several policy decisions in the last 18 months, mainly fuel subsidy removal and floating/unification of the exchange rate, with subsequent dire consequences on the purchasing power and well-being of the people.
In today's Money Brief, Ugodre breaks down the latest decision by the Central Bank of Nigeria (CBN) to...
In May 2024, government in Nigeria secured N8.4 trillion in bank loans, amounting to 86% of the total domestic credit, a sixfold increase over the private sector's N1.4 trillion.
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi Kadir, has stated that the recent 150 basis points increase in monetary policy rate (MPR) by the Central Bank of Nigeria (CBN) will further compound the already high cost of doing business in the country.
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis points so far, from 18.75% to 26.25%, with an eye on combating inflation and fostering economic stability.
Nigeria’s central bank monetary policy committee will announce to the world on Tuesday, May 21, 2024, whether they will continue with their hawkish monetary policy of raising rates or shock everyone by leaving it untouched.
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to slow down on monetary policy tightening ahead of its Monetary Policy Committee (MPC) meeting this month, stating that businesses are yet to recover from the hawkish monetary policy stance in the last two months.
Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria (CBN) in the second half of the year.
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of a Federal Reserve meeting kept traders largely biased towards the greenback.
