cbn

Despite the Central Bank of Nigeria (CBN) decision to cut the Monetary Policy Rate (MPR) to 23 per cent in September, the real sector and small and medium-sized enterprises (SMEs) still face high borrowing costs because commercial banks…

Nigerian banks have withdrawn N3.76 trillion from the CBN Standing Deposit Facility (SDF) in 13 days, apparently seeking better returns after the central bank reduced interest rates. Data reviewed by LEADERSHIP showed that the SDF…

A Finance Ministry director has told an Abuja court that the ₦124.86bn CBN withdrawal was not known to the Federal Ministry of Finance. Ali Mohammed, a director in the Federal Ministry of Finance, gave the evidence while appearing as…

Personal loans taken by Nigerians reached an estimated N2.06 trillion in May 2026, highlighting growing household reliance on credit amid continued pressure on living costs. The latest Central Bank of Nigeria (CBN) Economic Report showed…

Nigerian bond yields rose last week as investors reduced demand for fixed-income securities, putting downward pressure on bond prices. The average yield on Federal Government of Nigeria bonds increased by 11 basis points week-on-week to…

Stanbic IBTC interest rates have changed after the Central Bank of Nigeria (CBN) reduced its benchmark Monetary Policy Rate (MPR) by 350 basis points. Stanbic IBTC Bank said the new rates took effect on 22 September 2026, the same…

The Centre for the Promotion of Private Enterprise (CPPE) is excited by the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 350 basis points, from 26.5 per cent to 23 per cent, calling the…

The Central Bank of Nigeria (CBN) is under scrutiny by the House of Representatives’ Committee on Delegated Legislation, led by Hon. Richard Olufemi Bamisile, which has resolved to investigate the institution's exercise of its delegated…

Central Bank of Nigeria CBN has reduced its benchmark interest rate by 350 basis points to 23 per cent, marking the largest single cut to the Monetary Policy Rate MPR in the bank's history and signalling a decisive shift in…

Private-sector and other autonomous sources supplied $21.15 billion in foreign exchange to Nigeria in the first quarter of 2026, more than twice the $10.20 billion recorded through the Central Bank of Nigeria’s official inflows, according…