The Central Bank of Nigeria (CBN) has lowered its benchmark rate to 27%, marking its first reduction in five years. This decision, made on September 22, 2025 during the Monetary Policy Committee (MPC) meeting, aims to boost the economy in a context of stabilizing the naira and slowing inflation. Following this cut, several commercial banks,…...
Trending
- Botswana: Akinwumi Adesina takes over the presidency of a structuring diamond fund
- Michel Djombo, Minister of Industrial Development, Special Economic Zones, and Private Sector Promotion
- Annual meetings of the AfDB in Brazzaville – Interview with Gerardine Mukeshimana, Vice President of IFAD
- Live/ closing of the AfDB meetings in Brazzaville: the momentum of a new African financial architecture
- Exclusive interview with Barry Adama-Dian, Resident Representative of UNDP in Congo
- Exclusive Interview with Didier Acouetey: “NAFAD is already in its operational phase”
- Journal of the Annual Meetings of the AfDB – Day 4
- Historic agreement between Botswana and Namibia for a $4 billion refinery
Nigeria: Banks revise their savings rates after a record cut in the benchmark rate
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com