Banks Charge 60% on Loans, Pay 2.7% on Savings
CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
Category : Search result: CBN deposit rates
20 Nigerian Banks Meet CBN's New Capital Rules
The Central Bank of Nigeria confirms 20 commercial banks have successfully met the new recapitalisation requirements. Discover the full list and what it means for Nigeria's trillion-dollar economy goal.
CBN Releases 2026 Savings Interest Rates for Nigerian Banks
The Central Bank of Nigeria has published the latest savings account interest rates. Discover which banks offer the highest returns and how the market averages 8% in 2026.
FG: Minor Tax Law Changes Won't Affect Core Provisions
The Federal Government has reassured Nigerians that recent alterations to newly passed tax laws will have minimal impact. Presidential Tax Reform Committee Chairman Taiwo Oyedele confirms key aspects like tax rates and filing deadlines remain unchanged. G
CBN Releases 2026 Bank Lending Rates for Transparency
The Central Bank of Nigeria has published the latest prime and maximum lending rates for Access Bank, UBA, GTB, Zenith, and others as of January 9, 2026, to guide borrowers. See the full list.
CBN: Nigeria's Economy Grows 3.89% in 2025, Inflation Eases
The Central Bank of Nigeria's 2025 macroeconomic outlook shows resilient growth at 3.89% and falling inflation. Discover the projections for 2026 and the critical policy actions needed.
New Cash Withdrawal Limits & Fees for Nigerian Bank Customers
Nigerian banks like Access, UBA, GTB enforce new CBN cash withdrawal limits from Jan 1, 2026. Weekly limits set at N500k for individuals, N5m for corporates, with fees for excess. Details inside.
Banks Begin 10% Tax on Dollar Deposits
Nigerian banks implement a 10% withholding tax on foreign currency deposit interest from Jan 1, 2026. Learn how this new tax law affects your dollar account and who is exempt.
German Bank Heist: £30M Gold Stolen Over Christmas
Thieves executed a sophisticated heist on a German bank vault over Christmas, stealing £30 million in gold and valuables. Details of the 'Ocean's Eleven'-style robbery revealed.
NAICOM: No Extension for Insurance Recapitalisation
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
NDIC Reaffirms Fiscal Compliance, Seeks Stronger Capacity
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
CBN Announces New Cash Withdrawal, Deposit Rules for 2026
The Central Bank of Nigeria has revised its cash withdrawal and deposit policies, effective January 1, 2026. Learn the 5 major changes, including new limits and fees.
Man's Viral Self-Tribute Before Death Highlights Nigeria's Healthcare Failures
A Nigerian man's heartbreaking self-tribute before dying from a heart condition has gone viral, exposing demands for N2m deposits by Lagos hospitals and a failing healthcare system. Read his full story.
Activist Dies After Hospital Strike, Writes Own Obituary
Kingsley Aneke's tragic death highlights Nigeria's healthcare crisis. His self-penned obituary blames hospital strikes and upfront payment demands. Read his powerful final plea for change.
US Q3 GDP Grows 3.2%, AI Investment Fuels Momentum
The US economy posted solid 3.2% growth in Q3 2025, driven by AI investment. The delayed data shows resilience despite labour market concerns and Fed rate cuts. Read more.
CBN Projects Naira Stability, Lower Borrowing Costs for 2026
The Central Bank of Nigeria's latest survey reveals businesses expect naira stability and lower borrowing rates into 2026, despite ongoing challenges like insecurity and high taxes. Read the full report.
Beetles Block Europe's Biggest Rare Earths Mine
Plans to mine Europe's largest rare earth deposit in Norway face delays over environmental fears for endangered beetles and mosses. Discover the clash between green energy goals and conservation.
Fed's Williams Sees No Urgency for Further Rate Cuts
New York Fed President John Williams says recent US inflation data was distorted by a government shutdown and Black Friday sales, advising patience on further interest rate cuts. Get the full analysis.
Japan Hikes Interest Rates to Highest Level Since 1995
The Bank of Japan has increased interest rates to a three-decade high of 0.75% to combat persistent inflation, partly driven by soaring rice prices. Get the full details on this major economic shift.
Asian Markets Rise on US Inflation Ease, BoJ in Focus
Asian markets closed higher as softer US inflation data fueled rate cut hopes. Micron's strong earnings eased tech bubble fears. The Bank of Japan's rate decision is key.
ECB holds rates steady at 2% as inflation cools
The European Central Bank keeps its key deposit rate at 2% for the fourth consecutive meeting. Analysts scrutinise Lagarde's comments for clues on future monetary policy amid uncertain inflation outlook. Read more.
NDIC Details N2m Payout for Failed Mortgage Banks
The NDIC has initiated a payout of up to N2 million per depositor for customers of Aso Savings and Union Homes. Learn about the verification process and what happens to balances above the insured limit.
US Jobless Rate Climbs to 4.6%, Highest in Four Years
US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.
CBN revokes licences of two mortgage banks
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
Bank of Japan Set for Major Rate Hike to 30-Year Peak
The Bank of Japan is expected to raise interest rates to their highest level since 1995, a move that could intensify debt market volatility and impact the weak yen. Read the full analysis.
Asian Markets Retreat on US Jobs Data, Tech Worries
Asian markets extended losses Tuesday ahead of key US jobs data, with tech sector jitters and Fed rate cut uncertainty weighing on investor sentiment. Key indexes in Tokyo, Hong Kong, and Shanghai all fell over 1%. Read the full analysis.
US Inflation Data Shows Consumer Strain Before Holidays
Fresh US inflation data reveals a 2.8% rise in September, putting pressure on consumers as the festive season peaks. The Fed faces a key rate decision amid mixed economic signals. Read the full analysis.
French Town Offers €1,000 Birth Bonus to Save Clinic
A small French town will pay expectant mothers €1,000 to give birth locally, aiming to save its maternity ward from closure. Doctors warn of safety risks. Read more.
NDIC Reiterates N5m Deposit Insurance Cover
NDIC MD reassures depositors of N5m insurance cover, details collaboration with CBN for supervision, and warns against Ponzi schemes. Read key insights from Kano Trade Fair.
US Reviews Newborn Hepatitis B Vaccine Policy
A US vaccine advisory panel, now led by skeptics, is reviewing the decades-old practice of giving hepatitis B shots to newborns. Experts warn this could cause preventable deaths and lower immunization rates. Read the full analysis.
Page 1 of 4