Nigerian banks have increased average prime lending rates in eight key sectors of the economy despite successive reductions in the Central Bank of Nigeria’s (CBN) benchmark interest rate, raising concerns
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The Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent, a 350-basis-point reduction that has drawn mixed reactions from
The Central Bank of Nigeria (CBN) has lifted its seven-year restriction on local investor participation in Open Market Operations (OMO), reopening the market to individuals, companies and non-bank financial institutions.
Zenith Bank Plc has closed a defining chapter in its corporate history with a massive dividend payout and a major leadership transition at its 35th Annual General Meeting held in