CBN interest rate cut: Central Bank slashes interest rate to 23%
The CBN interest rate cut has reduced Nigeria’s monetary policy rate from 26.5 per cent to 23 per cent. Central Bank of Nigeria Governor Olayemi Cardoso announced the decision after…
Credit to Private Sector Falls 15.3% to N33.9tn
Credit to the private sector fell by 15.3 per cent month-on-month (MoM) to N33.9 trillion in July 2026, down from N40.03 trillion recorded in June. The Central Bank of Nigeria…
Experts Urge CBN to Maintain Monetary Policy Stability
Economic experts have urged the Central Bank of Nigeria (CBN) to maintain monetary policy stability after headline inflation eased slightly to 15.91 per cent in June 2026. The latest figure…
IMF Interest Hikes in Nigeria: CPPE Rejects Call for Further Rate Increases
|By Babatunji Wusu – The Centre for the Promotion of Private Enterprise (CPPE) has strongly opposed IMF interest hikes in Nigeria, arguing that further increases in borrowing costs could damage…
