Commercial and merchant banks across the country have adjusted their lending rates in response to the Central Bank of Nigeria’s (CBN) recent decision to raise the...
According to a document by the Monetary Policy Committee of the Central Bank of Nigeria, Deposit Money Banks in Nigeria offered 130,854 new credits worth N947.46bn...
Businesses lamented that their cost of operation has increased by 50 percent while some said it has almost doubled
The latest data showed credit to the private sector grew by N4.69 trillion to N39.87 trillion in July 2022
The Central Bank of Nigeria (CBN) has said credit to the private sector rose to N37.13tn as of April 2022 as banks increase lending to the...