Steady Hands in Stormy Times: Why Holding Rates Was the Right Call for Nigeria, by Rahma Olamide Oladosu   In the face of persistent global economic uncertainties and domestic challenges, the decision of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to retain the Monetary...

CBN Raises Interest Rate to 27.50% to Combat Inflation The Central Bank of Nigeria (CBN) has increased the interest rate by 25 basis points to 27.50% to tackle the rising inflation rate, which stood at 33.87% in October 2024. This decision was made during the 298th...

Nigerians and the Tinubu Reforms By Salisu Na'inna Dambatta A viral video clip shows President Bola Ahmed Tinubu saying that he was elected to implement reforms and that was why he removed the subsidy on petrol on his first day in office as President. He said...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria Banks Healthy   The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January.   This...

13 Banks Generate N2.04trn Interest From Customers Loans, Securities Investment   A total of 13 banks generated N2.04trillion interest from customers loans, Securities investments, among others in first half year ended June 30, 2022 on the back of Central Bank of Nigeria (CBN) hike in the...

Our Interventions To Promote Economic Growth Will Continue: CBN to IMF   The Central Bank of Nigeria says it will continue to intervene in development finance to support the growth of the economy. The CBN Governor, Godwin Emefiele disclosed this while reading the communiqué of the first...