Nigeria’s peak remittance inflow in the past decade occurred in 2018 at $24.31 billion, while the lowest was recorded in 2020 ...

An expert told Legit.ng that this sum represents the percentage of deposits that banks must keep with the CBN, unable to earn ...

ShareAfter six rate hikes last year, the decision taken by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), at its meeting in February, to leave the benchmark interest rate ...

ShareIn this report by PAUL OGBUOKIRI, economists examine the 6.23 per cent decline in Nigeria’s gross foreign reserves in Q1 2025, viz-a-viz the nine per cent appreciation of the Naira in the review ...

The members of the organised private sector insist that the Central Bank of Nigeria must reduce the 27.50 per cent interest rate to boost economic growth.