CBN's 27% Rate Cut Will Squeeze Banks' Margins - Moody's
Global ratings agency Moody’s Investors Service has warned that Nigeria’s banking sector faces fresh profitability risks after the Central Bank of Nigeria (CBN) cut its benchmark Monetary Policy Rate to 27% from 27.5%.
The CBN said...
Rate Cut to Ease Financial Burden on SMEs, Households – CBN
The Central Bank of Nigeria (CBN) has stated that reducing the monetary policy rate by 50 basis points is a strategic move aimed at supporting the nation’s economic recovery, particularly in relation to Small...
Customs Duty Rises to N1,457 per Dollar
The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has risen to N1457/$, the highest in just over six weeks, according to checks on the exchange rate portal of the NCS.
According to data on...
Musing on Nigeria’s Disturbing Unemployment Rate
By Rahma Oladosu
No prize for guessing that Nigeria's unemployment crisis is getting worse. But that is not all, it is also casting an ominous pall on the country.
But do our leaders at the state and federal levels worry about...
Report Predicts October Inflation Rate To Rise
FSDH Research expects the inflation rate (year-on-year) to rise further to 11.34 per cent in October from 11.28 per cent recorded in September.
The expected increase in the inflation rate will reflect higher prices observed within the food and...
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...
