The Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 200 basis points to 24.75%. This was made at the recent Monetary Policy Committee (MPC).This was made during the Tuesday ...
Ghana recently experienced a noticeable spike in its inflation rate, hitting a four-month peak of 43.1% in July. The surge in inflation is being primarily linked to the surging costs of food within th...
In an official address at the Eagle Square in Abuja, President Bola Tinubu announced his administration's plans to undertake a comprehensive house cleaning of Nigeria's monetary policy. This move aims...
FCMB Group Plc, a leading financial services group in Nigeria, was established in 1977 and became a public limited liability company in 2004. The Group has its headquarters in Lagos and a presence in ...
The Nigerian Central bank reported in April that the interest rate is 16.82 percent, however, we believe that it is much higher than that since the buying power of the Naira has reduced drastically wh...
The Federal Reserve is in charge of the country's monetary policy. A key part of its task is adjusting the federal funds rate, the short-term interest rate banks charge one another to lend funds overn...
There are numerous types of loans available to those with bad credit, but unsecured personal loans are the most common.Unsecured loans, or loans without collateral, might be a suitable choice for cons...
Top Five Nigerian Instant Loan Apps You Should Try We all have that one time in our lives when...
As we advance in technology there seems to be more opening in various sectors of the economy and the financial sector is not left out.With a constant increase of smartphones in the hands of a million ...
The Federal Reserve's main goal is to keep inflation under control while preventing a recession. It accomplishes this through monetary policy. The Fed must use contractionary monetary policy to impede...