The Central Bank of Nigeria (CBN) has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024.

Why we Projected Moderation in Inflation, Maintained Key Rates - CBN   The Central Bank of Nigeria (CBN) has expressed optimism about a gradual drop in inflation rates, citing recent macroeconomic developments that are expected to positively impact price dynamics in the near to medium term. CBN...

CBN Retains Interest Rate at 27.5%  The Central Bank of Nigeria (CBN) has maintained its current stance on interest rates, retaining the Monetary Policy Rate (MPR) at 27.5%. This decision was announced by CBN Governor, Olayemi Cardoso, after the apex bank's 299th Monetary Policy Committee (MPC)...

MPC: Nigeria's Money Supply Rises N94.61tn to N110.9tn in One Year Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025,...

Forex Turnover in NAFEM Rises by 61% to $43bn   The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market (NAFEM) rose Year-on-Year (YoY) by 61.9 percent to $43.09 billion in the first eleven months of 2024 (11M’24) from $26.6 billion in the corresponding...

CBN Predicts Increased Food Production as FG Improves Security in North-East The Central Bank of Nigeria (CBN) has predicted an improvement in food production in the country, following the Federal Government's efforts to improve security in the North-East. Speaking at the end of the 298th Monetary...