Interest rate

The combined interest income reported by seven of Nigeria's deposit money banks grew 25 percent in 2022, almost triple the 8.9 percent growth recorded in the previous year, on the back of…

For cash-strapped Nigerians living through the worst cost of living crises in recent memory, the year 2022 cannot end fast enough. Following the Russian-Ukraine war, the prices of grain…

Interest rates are rising due to tightening measures adopted by Central Banks across the globe to rein in inflation. Also, persistent foreign exchange pressure, rising debt among others…

The Central Bank of Nigeria's (CBN) campaign to fight inflation by consecutively raising its key interest rate this year seems to have brought hope for savers, as the 1-year Treasury Bill…

The Central Bank of Nigeria (CBN) is expected to raise its key interest rate later this month as the country’s headline inflation quickened to its highest level since September 2005. The…