CBN

Business and Economy

Business lending to cost less as CBN cuts interest rate to 27%

THE borrowing costs for businesses by financial lending institutions will lessen slightly as the monetary policy committee (MPC) of...
Harrison EDEH -
Energy and Power

Lawmakers query NERC over ₦59 billion metering funds

THE House of Representatives has questioned the Nigerian Electricity Regulatory Commission (NERC) over the ₦59 billion loan from the...
Fatimah QUADRI -
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Business and Economy

What Nigeria’s $41billion foreign reserve rise means for economy

NIGERIA's gross foreign reserves increased to $41.05 billion as of August 20, the highest in about four years, demonstrating...
Ehime ALEX -
Banking and Finance

Banks seek N900 billion more as CBN recapitalisation deadline nears

AS the deadline for the Central Bank of Nigeria (CBN) mandatory recapitalisation draws near, banks are expected to raise...
Ehime ALEX -
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Business and Economy

Again, CBN holds interest rates at 27.5% despite drops in inflation

THE Central Bank of Nigeria (CBN) has for the third consecutive time kept the benchmark interest rate unchanged at...
Ehime ALEX -
Business and Economy

Despite declining inflation, business perception remains high – CBN

THE Central Bank of Nigeria (CBN) said business perception of inflation remained high despite the consecutive drop in inflationary...
Ehime ALEX -
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