Digital lending apps in Nigeria face scrutiny over annual interest rates exceeding 300%, affecting vulnerable borrowersConsumers suffer from exploitative lending practices, trapped in cycles of recurring debt and hidden chargesCall for CBN to enforce interest rate caps and enhance consumer protections to safeguard low-…

…even as businesses grapple with persistent inflation, exchange rate volatility and high interest rates.Researchers attributed this resilience to the wider adoption of local financing mechanisms, including green bonds, credit guarantees and wholesale debt facilities, which have helped sustain funding across key sectors.…

…warned that businesses were already grappling with high energy costs, rising interest rates, exchange-rate volatility, weak consumer demand and multiple regulatory obligations. He said an increase in pension contributions could force companies to slow recruitment, delay salary reviews, reduce staff strength and transfe…

…laptops, currently open only to fellows of the 3MTT ProgrammeKey details such as interest rates, repayment periods and down-payment amounts have not yet been announced by CREDICORPFind it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has over a decade of experience in business journalis…

…investment, particularly in the manufacturing sector, which has struggled under high interest rates. Their position comes despite a recent CBN Inflation Expectations Survey showing that 61.1 per cent of Nigerians want interest rates reduced ahead of the MPC meeting. In telephone interviews with The PUNCH, economists an…

…be released for the sector. “The terms are very good—15-year financing at single-digit interest rates. This is exactly the kind of financing needed to develop industry in Nigeria.” When asked how long the offer had been available, Bakrin replied: “It has been on the table for a year now.” Expressing disappointment over…

…noted, explaining that “recent geopolitical tensions have delayed expectations of lower interest rates despite our earlier progress in bringing down inflation.” Reflecting on the country’s economic situation when the current CBN management assumed office, Cardoso admitted, “Restoring confidence required us to make diff…

…environment. Businesses continue to grapple with elevated production costs, high interest rates, inadequate electricity supply, logistics bottlenecks and weak transport infrastructure, all of which continue to undermine productivity and competitiveness,” Yusuf said. He observed that manufacturers, agriculture and micro…

…fresh surge in inflation could force the Federal Reserve and other central banks to hike interest rates soon. They continued to rise on Tuesday, piling on more than one per cent. “With Trump, one never quite knows how seriously to take such pronouncements, but Gulf allies would not be pleased with this plan, and it alm…

…highlighting a strong appetite for the country’s fixed-income securities amid elevated interest rates and improving confidence in the foreign exchange market. Data from the capital importation report released by the National Bureau of Statistics showed that bond investments accounted for 32.71 per cent of the $9.86bn p…

…group," the communique read. The workshop unveiled available funding windows with low interest rates for housing development, urging state governments to support their state housing corporations to take advantage of the windows to unlock accessible opportunities to provide housing that will be affordable to the low and…

…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…

…to economic reforms, including fuel subsidy removal, exchange rate adjustments and high interest rates, significant public funds were allegedly being spent outside official budgetary processes. The former vice president maintained that greater fiscal transparency could have provided resources to stimulate economic grow…

…new Kenyan CEOs since January 2026. Kenya’s banks are simultaneously navigating falling interest rates, a digital transformation race, and intensifying competition from South African lenders, such as Nedbank, which is acquiring 66% of NCBA, and Absa Group itself, pushing deeper into the market. The leadership carousel…

…peace agreement could reduce inflationary pressures globally and create room for lower interest rates. He noted that several central banks have already begun easing monetary policy and suggested that the CBN could eventually follow suit. "If the CBN does not reduce rates at its next meeting, it may decide to maintain t…

…robust US employment data, are strengthening the American dollar and increasing global interest rates. This causes foreign investors to withdraw capital from emerging markets, including Nigeria, and move funds into US dollar assets. The Nigerian stock market remains substantially higher than at the start of the year de…