The current Monetary Policy rate of 27.50 per cent charged by the Central Bank of Nigeria to commercial banks on borrowings is the fifth highest in the world, a member of CBN’s Monetary Policy ...

The Nigerian currency, the naira, depreciated again in the Nigerian Foreign Exchange Market (NFEM) and gained in the parallel ...

Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross ...

Nigeria’s interbank lending rate surged to a five-year high of 28.58 percent in January 2025, reflecting the Central Bank of ...

The naira fell again in the official foreign exchange market on Wednesday, March 26, 2025, trading at N1,537 per dollar from ...

Demand for credit by businesses and consumers in Africa's most populous nation is expected to rise as a sharp decline in ...

The total credit to the private sector in Nigeria declined to N73.66 trillion in February 2025, marking a consecutive monthly ...

The Central Bank of Nigeria (CBN) has once again brought to the forefront a persistent yet underappreciated challenge in the ...

Nigerian banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of ...

The Central Bank of Nigeria (CBN) says 35 percent of its directors are women, adding that they also make up half of its ...

All supervised financial institutions (SFIs) were required to obtain the CBN’s approval before deploying emerging ...