CBN Slashes Interest Rate to 23% in Biggest Cut in Years
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 350 basis points to 23% from 26.5%, ...
Tag: Banks
EthikaVest Opens Shariah-Compliant Route to Dangote Refinery IPO
Nigerian digital investment platform EthikaVest has made the Dangote Petroleum Refinery Initial Public Offering (IPO) available on its platform, giving ...
NITDA Tightens Cloud Rules for Banks, Fintechs
Nigeria is set to tighten the rules around how banks, fintech companies and other regulated organisations use cloud services as ...
High Loan Costs Keep Nigerian Businesses Under Pressure
For many businesses in Nigeria, getting a loan is no longer just about finding a bank willing to lend money. ...
Bad Loans, Bigger Problems for Banks
Loan defaults remain one of the biggest challenges facing banks, especially during periods of economic uncertainty. When individuals or businesses ...
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