nigeria central bank

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    Nigerian housing sector suffers from interest rate hike

    The interest rate benchmark which was previously at 11.5% was increased to 18.5% by the Central Bank's Monetary Policy Committee. Real estate experts are complaining about the hike as it would affect the housing projects and could lead to some projects getting abandoned. It will also affect the...
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    Nigerian Central Bank Plans $39-Billion Fund Post Pandemic

    Nigeria’s central bank plans to set up an independently managed fund within the next 12 months to help build critical infrastructure in the West African nation once the coronavirus pandemic is over. The fund will start with a combination of debt and equity capital of 15 trillion naira ($39...
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