CBN Demands 15% Interest On $8.1bn MTN Refunds   The Central Bank of Nigeria has asked the court not to grant an injunction that will stop the MTN Group from transferring the disputed $8.1bn back to the country, and wants the company to pay 15 per...

Nigeria, Others Concerned Over US Fed Interest Rate Hike The United States Federal Reserve wednesday raised interest rates again at the end of its Federal Open Market Committee (FOMC) meeting, raising concerns of increased turmoil in emerging markets (EMs). Specifically, the Fed increased the target for...

Interest Rate Hike Looms As MPC Meets The two-day Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting, which commences today will be closely watched after the country’s emerging market peers – Turkey and Russia- recently raised interest rate. This development is coming as the...

CBN May Increase Interest Rate Soon The Central Bank of Nigeria has hinted about plans to increase the interest rate as it hopes to tighten the monetary policy in response to higher inflation ahead of the general elections in February. A Bloomberg report on Tuesday quoted...

High TB Yields Push Banks’ Net Interest Income to N2.013tn   The full year 2017 audited results have shown that 13 commercial banks quoted on the Nigerian Stock Exchange (NSE) raked in a total of N2.013 trillion through net interest income (NII) as they took advantage...

Inflation And Election: MPC May Hold Interest Rate Despite the drop in inflation to 12.48 per cent in March to below the Central Bank of Nigeria’s benchmark Monetary Policy Rate (MPR) of 14 per cent, members of the Monetary Policy Committee (MPC), slated to commence...