Interest Rates

CBN’s 27% Rate Cut Falls Short in Relieving Credit Struggles, MSMEs Stakeholders Warn
The Organised Private Sector (OPS) has welcomed the recent 27 percent reduction in interest rates but maintains that this measure alone falls short of alleviating...

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Politics Today
4 hours ago4 hours ago

The Organised Private Sector (OPS) has welcomed the recent 27 percent reduction in interest rates but maintains that this measure alone falls short of alleviating the credit challenges faced by businesses. Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria (MAN), emphasized that manufacturers require borrowing rates in the single digits-around five percent-to effectively boost...

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CBN Predicts Rate Cut Will Ignite Credit Expansion and Boost Economic Growth
The Central Bank of Nigeria (CBN) has reaffirmed its positive outlook on the nation’s macroeconomic stability, emphasizing that its recent 50 basis point reduction in...

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Politics Today
4 days ago4 days ago

The Central Bank of Nigeria (CBN) has reaffirmed its positive outlook on the nation’s macroeconomic stability, emphasizing that its recent 50 basis point reduction in the Monetary Policy Rate (MPR) is intended to foster economic expansion without compromising the naira’s exchange rate stability. In a discussion on TVC, Dr. Victor Oboh, the apex bank’s Monetary...

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Monetary Policy Committee Meeting Sparks Debate: Analysts Split on Whether a Rate Cut is Needed
As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its September session, opinions among financial experts remain split on whether it is...

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Politics Today
2 weeks ago2 weeks ago

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its September session, opinions among financial experts remain split on whether it is appropriate to loosen the restrictive monetary policy that has been maintained for over a year. Some analysts believe that the recent improvements in economic indicators provide the CBN with an...

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CBN hints at possible drop in interest rates as inflation eases
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has indicated that nigeria-fintech-savings-apps/” title=”Top Fintech Apps in … Offering the Best Competitive Interest...

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Politics Today
4 weeks ago4 weeks ago

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has indicated that nigeria-fintech-savings-apps/” title=”Top Fintech Apps in … Offering the Best Competitive Interest Rates on Your Savings”>interest rates could decline in the coming months as inflation shows signs of moderating, a development expected to ease access to credit and stimulate investments. Cardoso made...

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Top Fintech Apps in Nigeria Offering the Best Competitive Interest Rates on Your Savings
Contents Overview PiggyVest Overview Renmoney Features FairMoney Savings Plans Cowrywise Investment and Savings Kuda Bank Digital Savings Comparative Table of Nigerian Fintech Savings Apps Not...

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Tech
1 month ago1 month ago

Contents Overview PiggyVest Overview Renmoney Features FairMoney Savings Plans Cowrywise Investment and Savings Kuda Bank Digital Savings Comparative Table of Nigerian Fintech Savings Apps Not long ago, my savings were confined to a conventional bank account, where the interest barely made a dent in my balance. It felt more like a secure holding place than...

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