Manufacturers Demand Lower Interest Rates as CBN Retains MPR at 27%
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria to further cut interest rates, warning that ...
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Tag: #NigeriaEconomy
CBN Retains MPR at 27% as 16 Banks Meet New Capital Requirements
The Central Bank of Nigeria (CBN) yesterday voted to retain the Monetary Policy Rate (MPR) at 27%, emphasizing the need ...
Read moreCBN Holds Benchmark Interest Rate at 27% Amid Economic Uncertainty
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has decided to maintain the benchmark interest rate at 27 ...
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States Owe N1.06tn to Contractors and Retirees Despite Record 2024 Revenues
States across Nigeria owe a combined N1.06tn in outstanding obligations to contractors and retirees despite receiving record revenue inflows in ...
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FIRS Denies Monopoly Claims in Revenue Collection, Confirms Multi-Channel Payment Structure
The Federal Inland Revenue Service (FIRS) has clarified the role of Xpress Payments in its national revenue collection framework, dismissing ...
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Dollar to Naira exchange rate today, Monday November 24, 2025
Pressure on the naira intensified in the unofficial foreign exchange market as currency traders priced the US dollar higher on ...
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Dangote Group to Sponsor and Fully Participate in 2025 Kano International Trade Fair
The Dangote Group has announced its sponsorship and full participation in the Kano International Trade Fair, scheduled to hold from November 22 to December ...
Read moreExperts Call for Stronger Policy Coordination as Fiscal Dominance, Import Dependence Threaten Nigeria’s Financial Stability
Monetary and fiscal policies are far more than economic jargon — they are the twin engines that power a nation’s ...
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CBN Survey Shows Higher Default Rates on Secured Loans in Q3 2025
A new survey by the Central Bank of Nigeria (CBN) has revealed that Nigerian banks recorded increased default rates on ...
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FAAC Disburses N2.094trn Allocation for October 2025
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion to the federal, state and local governments ...
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