Lending-Savings Gap Widens in Nigerian Banking Sector: July Data Reveals 22.14% Increase
The disparity between the maximum lending rate and savings deposit rate within Nigeria's banking sector witnessed a significant expansion of ...
Tag: Monetary Policy Committee
CBN Reaffirms Plan to Phase Out Old Naira Notes Gradually
During the recent Monetary Policy Committee (MPC) meeting held at the CBN headquarters in Abuja, the Central Bank of Nigeria ...
CBN raises interest rate to 18.75% Amid Economic Fluctuation
In its first Monetary Policy Committee (MPC) meeting under the Tinubu administration, the Central Bank of Nigeria (CBN) has opted ...
CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to ...
Rising Borrowing Costs and Declining Growth in Nigerian Banking Industry.
The Central Bank of Nigeria (CBN) has reported a continued increase in borrowing costs and a decline in growth within ...
CBN Monetary Policy Committee to Address Interest Rates Amidst Economic Challenges
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to convene its third meeting of ...
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