business
CBN rate cut may ease borrowing costs, expert says
Coleman Technical Industries CEO George Onafowokan says the CBN’s decision to cut the Monetary Policy Rate to 23% could gradually reduce borrowing costs across Nigeria.
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business
Coleman Technical Industries CEO George Onafowokan says the CBN’s decision to cut the Monetary Policy Rate to 23% could gradually reduce borrowing costs across Nigeria.
Economy
The naira traded around N1,326 to the US dollar at the official foreign exchange market on September 25, while parallel-market dealers quoted the dollar between N1,374 and N1,380.
Politics
The target is coming a few months before Nigeria’s 2027 general elections, with the Independent National Electoral Commission scheduling the presidential and National Assembly poll
Finance
In a significant show of domestic financial strength, local investors have contributed 72% of the total N4.6 trillion raised so far in the ongoing bank recapitalisation exercise mandated by the Central Bank of Nigeria.
Finance
The Central Bank of Nigeria has moved to blacklist several high profile loan defaulters across the country. This strategic action aims to enforce credit discipline and protect the integrity of the Nigerian financial system from the risks associated with non performing loans.