Central Bank of Nigeria (CBN)

The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as of December 2022.

Economic experts have said that inflation, energy cost and foreign exchange challenges are pushing manufacturers and businesses into insolvency, non-profitability and the inability to repay

The Central Bank of Nigeria (CBN) says the naira redesign will encourage expanded financial inclusion and other forms of electronic transactions. Ahmed Umar, the Director,