…foreign exchange monitor, citing the naira’s undervaluation and relatively high real interest rates as factors that could draw additional foreign capital into the country.According to the bank, investors could also benefit from the interest rate gap between Nigeria and other markets through a strategy known as the carr…

…supporting more than 8,000 jobs. The bank’s report indicated high inflation, elevated interest rates and exchange-rate volatility raised operating costs for MSMEs in 2025, while informality and weak financial records limited their growth. Olusi said BoI expects to do better in 2026 and will consolidate in 2027. “For 20…

…exchange monitor, pointing to the naira's undervaluation and relatively high real interest rates as factors that could attract more capital into the country.

…92 percent was made up of foreign portfolio investment ('hot money') seeking high interest rates, while actual foreign direct investment (FDI) in physical infrastructure remained modest."The report noted that Nigeria permits full foreign ownership in most sectors, subject to industry restrictions and licensing requirem…

…the outlook reflects improvements in Nigeria’s external position, attractive real interest rates that have drawn foreign portfolio investors and a lower fuel import bill as domestic refining capacity expands.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!It noted that the naira appreci…

…weakens. The progress on inflation, which has allowed the central bank to begin lowering interest rates, will be put at risk. Our estimate is that the exchange rate could approach ₦3,000 per dollar within months. And the so-called subsidised petrol will cost at least ₦2,000 per litre. This is well above what Nigerians…

…opened on Monday, October 5, 2026, comprises two-year and three-year savings bonds with interest rates of 13.071 percent and 14.071 percent per annum, respectively. According to the DMO, the two-year FGN Savings Bond will mature on October 14, 2028, while the three-year bond will mature on October 14, 2029. The subscri…

…remained cautious in September 2026, reflecting persistent concerns about prices, interest rates and household finances,” the CBN concluded. The post Consumers’ confidence plummets in Sept as inflation concerns deepen appeared first on Vanguard News.

…means the interest payable by Nigeria will fluctuate with movements in US short-term interest rates. The $22.5m charge was also substantial when compared with other miscellaneous costs incurred on the country’s external obligations during the quarter. DMO data showed that Nigeria paid a total of $39.25m in “other charg…

Ecobank Nigeria announced a downward review of interest rates on its Naira Savings Products following a CBN decisionThe bank reduced rates across four savings accounts, with the All Savings Account dropping from 7.95% to 6.90% per annumThe revised rates took effect on September 24, 2026, with withdrawal limits applying…

…appetite for high-yielding naira assets, particularly as monetary policy and short-term interest rates adjust.

…from multilateral institutions such as the World Bank are largely concessionary, with interest rates typically below market levels and longer repayment tenors. He noted that the critical question is not whether Nigeria should be borrowing, but whether the loans are structured and deployed effectively. “If it’s concessi…

…“Sub-scale factory runs elevate unit costs compared to high-volume global plants. High interest rates and rigorous collateral terms limit formal vehicle asset financing to less than 5% of buyers. “High purchasing costs push individual buyers and corporate fleets toward cheap imported used cars,” she noted. The Director…

…N100 billion of the April 2037 bonds and N750 billion of the June 2038 bonds. High interest rates have simultaneously lifted demand for OMO bills as the CBN intensifies its liquidity-management efforts. Nigerian investors, including banks and other eligible institutions, have increasingly turned to these instruments as…

…“At the macro level, MSMEs and large enterprises share three structural problems: high interest rates and collateral requirements, energy and transport infrastructure gaps, and currency instability and multiple taxation. “These pressures reduce investment appetite, discourage industrial scale-up and trap most Nigerian…

…subscription at N1,000 per unitThe bonds, with maturities in 2035, 2037 and 2038, carry interest rates of 22.60%, 16.2499% and 15.45%, respectivelyThe auction will hold on August 17, 2026, with a minimum subscription of N50 million and settlement scheduled for August 19PAY ATTENTION: Mark Legit.ng as a preferred source…

…percent of the market. Noting that this was largely due to systemic funding gaps, high interest rates, and regulatory bottlenecks faced by local fleet operators, Ebosele said the 2026 summit is expected to bring together key decision-makers, regulatory bodies, maritime experts, and primary lending institutions to forge…

…bank lending rates to increase over the next three months, while 57.2% preferred interest rates to decline. At the same time, 46.5% acknowledged the need for higher interest rates to help contain inflation.Food remained the biggest spending priority for households, with other major expenditure areas including household…

…macroeconomic stability. However, he predicted that the apex bank could begin easing interest rates within the next two meetings of the Monetary Policy Committee. “In my own opinion, we are still striking the right balance, but I don’t see the current rate being maintained for much longer. By the next two Monetary Poli…

…he added. Duke also questioned the country’s economic management, arguing that high interest rates have made sustainable growth difficult. “You have poor governance as a derivative of leadership, and you have an economy that is just not growing. How can you grow an economy with interest rates in the upper 30s?” he aske…

…Savings Bonds priced at N1,000 per unit.The two-year and three-year bonds offer annual interest rates of 13.963% and 14.963%, respectivelyThe savings bonds are backed by the full faith and credit of the Federal Government of Nigeria and carry no default riskPAY ATTENTION: Mark Legit.ng as a preferred source, and our co…

…Nigerian companies with access to patient, long-term expansion capital at single-digit interest rates. It added that funding would prioritise manufacturing, excluding defence-related businesses, agro-allied processing, energy, logistics, mineral beneficiation and transportation, while 20 per cent of the total facility…

…Nigerian enterprises with patient, long-term expansion financing at single-digit interest rates. The funding targets businesses operating in manufacturing (excluding defence-related industries), agro-allied processing, energy, logistics, mineral beneficiation, transportation, and information and communication technolog…

…"That is debt restructuring, not debt repayment," he said.**Minimum Wage, NELFUND and Interest Rates**On workers' welfare, Atiku said the federal government had not fully implemented the new minimum wage, with a 40 per cent peculiar allowance tied to the wage adjustment remaining unpaid despite directives that it shoul…

…securing a bank loan often remains out of reach due to collateral requirements and high interest rates.FG restarts N50,000 conditional cash transfer to small business owners. >To ease this burden, the Federal Government introduced the Presidential Conditional Grant Scheme (PCGS), a funding initiative that provides ₦50,…