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 ...

The Interest rates increased from 18.75% at the beginning of 2024, to 27.50% at the end of the year. The financial reports show that banks earned a lot from loans.

Data from the Central Bank of Nigeria has indicated that banks’ credit to the private sector dipped for the second consecutive month in February 2025.According to the data available on the website of ...

SharePersonal statements written by members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) at their meeting in February, indicate that the committee will not be in a hurry to ...

As the Monetary Policy Committee (MPC) members of the CBN voted to hike interest rate to 27.50 per cent in 2024, average ...

Prof. Uche Uwaleke, the President, Capital Market Academics of Nigeria (CMAN), told NAN that the CBN’s Monetary Policy Committee (MPC) enabled a number of banks to increase interest income. Uwaleke ...

Prof. Uche Uwaleke, the President, Capital Market Academics of Nigeria (CMAN), told NAN that the CBN’s Monetary Policy ...

The Central Bank of Nigeria (CBN), has announced that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024. The CBN  revealed this in its Fourth Quarter ...