
…as manufacturers, SMEs lament crushing borrowing costs . Experts warn of job losses, slower growth, rising hardship By AYOOLA OLAOLUWA...

The Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate at 26.5 per cent as monetary authorities moved to contain inflationary pressures and...
Manufacturers in Nigeria are still grappling with extremely high borrowing costs, with lending rates reaching as much as 60 per cent, despite recent efforts by the...

By AYOOLA OLAOLUWA Nigeria’s banking sector has reasserted itself as the primary gateway for foreign capital, with inflows into the sector rising by 93.25 per cent...

The Central Bank of Nigeria (CBN) has announced that 30 banks have successfully met the new minimum capital requirements introduced under its ongoing banking sector recapitalisation...

Nigeria is set to officially launch its national single window (NSW), a digital trade platform, on March 27. The NSW is an electronic portal designed to...

The Central Bank of Nigeria (CBN) has reported a dramatic increase in the country’s net foreign exchange reserves, which climbed 772 percent in two years, rising...

The Central Bank of Nigeria has cut the interest rate by 50 basis points to 26.50% from 27% The CBN Governor, Olayemi Cardoso, at the just...

Access Bank Plc’s planned acquisition of South Africa’s Bidvest Bank has reportedly collapsed after failing to secure the necessary regulatory approvals, sources have confirmed. Business Hallmark...