Tag: CBN
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Nigeria’s central bank raises interest rate again
Nigeria’s Central Bank has raised its benchmark interest rate by 50 basis points to 26.75% in a bid to contain persistent food inflation despite...
Explainer: What next for customers after Heritage Bank collapse?
On Monday, the Central Bank of Nigeria (CBN) revoked the licence of Heritage Bank due to its prolonged struggle with non-performing loans.
The regulator said...
Heritage Bank fails as CBN revokes licence
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, citing breaches of the Banks and Other Financial Act...
Understanding how CBN’s new record high interest rate affects you
The Central Bank of Nigeria has raised its benchmark interest rate to a new record high in a bid to force inflation down and...
CBN likely to raise interest rate again as naira declines
The naira's continued slump and Nigeria's persistently high inflation are likely to force the Central Bank of Nigeria (CBN) to raise interest rates yet...