CBN Restructures Loans, Grants Another 12-month Extension       The Central Bank of Nigeria has given another 12-month extension on the discounted interest rate for its intervention facilities. It said that the role-over of the moratorium on the facilities would be considered on a case by case basis It...

One Million Borrowers Got Loans Below 20% Interest Rate - CBN Deputy Gov         The Deputy Governor, Financial Systems Stability Director, Central Bank of Nigeria, Mrs Aisha Ahmad, has said that over one million customers who borrowed money from the Deposit Money Banks got the loans...

MPC: Experts Expect No Rise In Interest Rate         Financial experts have said they expect the lending rate to either be retained or reduced at the end of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday. The members of the...

Farmers Seek 3% Interest Rate For Poultry Investors         Poultry Association of Nigeria (PAN) has urged the Federal Government to encourage private sector investments in agriculture by pegging interest rate on borrowing at a maximum of three per cent. The association also urged the government to allow...

CBN Reduces Savings Account Interest Rate To 1.25%     The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of 10 per cent of the Monetary Policy Rate effective from September 1, 2020. This would amount to 1.25...

Forex Uncertainty Worries Businesses As CBN Retains 12.5% Interest Rate     The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 per cent. It also held all other monetary policy parameters constant, as the bank stated that its...