Olayemi Cardoso CBN policy
High Borrowing Cost Tops Business Woes – CBN
Businesses across Nigeria have ranked high borrowing costs as their toughest operational challenge, surpassing long-standing issues such as insecurity and erratic power supply, according to the Central Bank of Nigeria’s (CBN) June 2025 Business Expectations Survey. The survey, which sampled 1,900 firms across agriculture, industry, and services sectors, revealed that high interest rates scored 75.6 […]
Naira Falls Against Dollar at Official Exchange Market
Nigeria’s local currency, the naira, further weakened against the United States dollar at the official foreign exchange (FX) market on Friday, closing at ₦1,602.18 per dollar, according to data published on the Central Bank of Nigeria (CBN) website. This marks a ₦5.49 loss from the ₦1,596.69 recorded before the mid-week Workers’ Day holiday on Wednesday, […]