Bank of Uganda raises interest rate to 12% amid currency depreciation
The Bank of Uganda has raised its benchmark interest rate by 225 basis points to 12 per cent, tightening monetary policy in…
Interest rate
NFEM turnover falls to $2.25bn as CBN cuts interest rate to 23%
Turnover on the Nigerian Foreign Exchange Market declined by 17.7 per cent week-on-week to $2.25 billion in the week ended September 25,…
Private sector welcomes CBN’s modest interest rate cut
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the benchmark interest rate to 26.5 per cent, of which,…
Egypt cuts interest rate again as inflation pressures eases
Egypt’s central bank on Thursday reduced its benchmark deposit rate by 100 basis points to 20 per cent, marking the fifth interest-rate…
CBN survey predicts stable naira, lower interest rates in 2026
The naira is expected to remain largely stable over the next six months, while borrowing rates are projected to decline within the…
High interest rates trigger 17% fall in consumer credit
Consumer credit in Nigeria recorded a significant decline, dropping by 17 per cent month-on-month to N3.54 trillion in July 2025, down from…
High interest rates drive pension fund investments to N2.4trn
Investments in fixed income securities by Pension Fund Administrators saw a notable increase, rising by 17.7% Year-on-Year over the eight months ending…
Cardoso hints at lower interest rates as inflation eases
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the coming months…
How CBN raised interest rate from 11.5% to 17.5% in eight months
Oluwanifemi Ojo The Central Bank of Nigeria has raised its benchmark interest rate five times since May 2022. The bank had…
How CBN raised interest rate from 11.5% to 17.5% in eight months
The Central Bank of Nigeria has raised its benchmark interest rate five times since May 2022. The bank had retained its…
What every Nigerian should know about the interest rate
Oluwanifemi Ojo Interest rate is a measure of the amount paid on a borrowed money or the amount received for saving…
CBN raises interest rate to 17.5%
The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures the interest rate to 17.5 per cent. The…