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Nigerian Firms Feel the heat of the economy as interest rates shoots up by 45%

The central bank’s move to hike interest rates is having an adverse effect on Nigeria’s largest companies, according to recent data showing an increase in


Increasing To Their Highest Level Since 2008, Prime Lending Rates At Banks

Following the Federal Reserve’s decision to raise rates by.75 percentage points as a means of containing inflation, banks have raised their prime lending rates to

Banking Business

Concerns Heighten As CBN Prepares To Increase Interest Rates To A New High

The benchmark interest rate is expected to increase when the Central Bank of Nigeria (CBN) begins its two-day policy-decision meeting today, according to expectations that