10 results for “rates”
The Central Bank of Nigeria lowered its benchmark interest rate by 350 basis points on September 22, 2026, the steepest cut on record, as inflation eased for a third straight month and reserves strengthened.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
British universities have withdrawn offers to Nigerian students as higher visa refusal rates prompt institutions to tighten screening.
Nigeria's central bank has delivered its largest-ever cut to the benchmark rate. The question now is whether banks will pass it on to the businesses and households that need affordable credit.
Lenders led a broad advance after a softer inflation print revived bets on a pause in the tightening cycle.
The economy expanded faster in the first half of 2026 and retained a current-account surplus, but the development lender says stronger public revenue must translate into services and jobs.
Policymakers kept the benchmark unchanged and pushed back on talk of early cuts.
The gap between spot and forward rates has narrowed, easing one source of corporate uncertainty.
The 350-basis-point reduction marked a larger step in the easing cycle, though borrowing costs will still depend on liquidity, bank funding and credit risk.
The secured overnight reference rate is intended to improve pricing transparency and give financial contracts a more reliable base rate.