interest rate
Inflation, high interest rate, Naira instability continue to strain businesses in October- NESG report
Business & Economy
November 12, 2024
Inflation, high interest rate, Naira instability continue to strain businesses in October- NESG report
A new report by the Nigeria Economic Summit Group (NESG) in partnership with Stanbic IBTC reveals that businesses continue to…
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
Business & Economy
November 6, 2024
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88…
Interest rate: Cardoso setting Nigeria on the right course, says World Bank
Business & Economy
October 15, 2024
Interest rate: Cardoso setting Nigeria on the right course, says World Bank
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies…
CBN survey shows 71.4% of Nigerians want lower interest rate
Business & Economy
October 14, 2024
CBN survey shows 71.4% of Nigerians want lower interest rate
Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and…
Raising interest rate to 27.75% painful for borrowers, Cardoso admits
Business & Economy
October 7, 2024
Raising interest rate to 27.75% painful for borrowers, Cardoso admits
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has acknowledged that the rise in the interest rate…
Credit to government surges by N11 trillion in one month as private sector pays off debt
Business & Economy
September 30, 2024
Credit to government surges by N11 trillion in one month as private sector pays off debt
Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make…
CBN raises interest rate by 50 basis points to 27.25% – Nairametrics
Business & Economy
September 24, 2024
CBN raises interest rate by 50 basis points to 27.25% – Nairametrics
In a move that stunned the financial markets, the Central Bank of Nigeria (CBN) Monetary Policy Committee voted to further…
No economic growth will happen unless interest rate at 30% goes down – Aliko Dangote
Business & Economy
July 2, 2024
No economic growth will happen unless interest rate at 30% goes down – Aliko Dangote
The President of the Dangote Group Industries Ltd, Alhaji Aliko Dangote has stated that no economic growth will happen unless…
FG targets reduction in interest rate to attract investment – Wale Edun
Business & Economy
April 19, 2024
FG targets reduction in interest rate to attract investment – Wale Edun
The federal government is looking towards a reduced interest rate to attract investments and grow the economy according to the…
High interest rate on CBN’s T-Bills drying up funds from the private sector- LCCI
Business & Economy
April 5, 2024
High interest rate on CBN’s T-Bills drying up funds from the private sector- LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has lamented the effect of high interest rate of CBN’s Treasury bill…