Banks are paying more to borrow money after the Nigerian Treasury bills auction reduced the cash available in the financial system.

The Lagos Chamber of Commerce and Industry has projected a reduction in interest rates in the coming months, as inflation shows signs of easing. Speaking at a press briefing for the chamber’s 2025 ...

Rising inflation, high interest rates, and naira depreciation could push an additional 13 million Nigerians below the national poverty line by 2025, according to a new report titled ‘2025 Nigerian ...