LCCI Welcomes CBN Rate Cut to 23%, Demands Cheaper Credit for Nigerian Businesses
The Lagos Chamber of Commerce and Industry says the 350-basis-point reduction provides an opportunity to ease financing pressure on businesses ...
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Tag: #CBN
CBN Slashes Interest Rate to 23% as Businesses Push for Cheaper Bank Loans
Nigeria's central bank cuts its benchmark rate by 350 basis points in its biggest recent easing move, raising expectations that ...
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Nigerian Banks Shut 476 Branches and Cash Centres in Three Years
Nigerian banks reduced their physical presence across the country by 476 branches and cash centres between 2022 and 2025, according ...
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Non-Interest Banks Record ₦4.39 Trillion in Assets, CBN Data Shows
Nigeria’s non-interest banking sector has continued to expand, with total assets reaching ₦4.39 trillion, according to data from the Central ...
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Business Confidence Rises as Nigerian Firms Expect Stronger Naira, Lower Interest Rates
Business confidence among Nigerian companies improved significantly in August 2026, according to the latest Central Bank of Nigeria (CBN) Business ...
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Nigeria’s Financial System Set to Receive ₦3.56 Trillion Liquidity This Week
Nigeria’s financial system is expected to receive about ₦3.56 trillion in liquidity this week, a development that could provide some ...
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Nigeria’s External Reserves Rise to $54.08 Billion, Economists Say It Could Strengthen Naira
Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years, according to data from ...
Read moreCBN Moves to Strengthen Financial Stability With New Ring-Fencing Rules
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at strengthening the stability of Nigeria’s financial system by ...
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CBN Cuts OMO, Treasury Bill Yields as Banking Liquidity Hits N7.35tn
The Central Bank of Nigeria has continued to push down yields on short-term securities as excess liquidity in the banking ...
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Nigeria’s FX Utilisation Surges 91% to Six-Year High of $50.9bn
Nigeria’s foreign exchange utilisation climbed to $50.93 billion in 2025, its highest annual level in six years, as businesses, importers ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.