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Africa's Borrowing Burden: Zimbabwe 35%, Nigeria 27% Post Highest Interest Rates
The BusinessNG
|The Business NG
With inflation continuing to weigh heavily on African economies, central banks across the continent have turned to aggressive monetary tightening as a stabilizing tool.
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The measures, though aimed at curbing price pressures and defending fragile currencies, have also raised the cost of borrowing for businesses and households.
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The Business NG
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The Business NG
Soludo threatens to revoke markets, shops for failure to open on Monday
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94% of Nigeria's Currency Circulates Outside Banking System
Despite a rapid rise in digital payments, over 94% of Nigeria’s cash—about ₦5.43 trillion out of ₦5.73 trillion in circulation—remained outside the banking system in 2025, according to data presented at the annual Committee of Heads of Banks’ Operations (CHBOs) conference.
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Ahead of Elections, CBN Prepares for N1.2Trn Cash Flow Surge
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The Business NG
94% of Nigeria's Currency Circulates Outside Banking System
Despite a rapid rise in digital payments, over 94% of Nigeria’s cash—about ₦5.43 trillion out of ₦5.73 trillion in circulation—remained outside the banking system in 2025, according to data presented at the annual Committee of Heads of Banks’ Operations (CHBOs) conference.
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The Business NG
Ahead of Elections, CBN Prepares for N1.2Trn Cash Flow Surge
Uses High TB Rates to Tame Liquidity
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Profit-Taking Wipes N557bn Off Equities as NGX Slides Ahead of Q4 Earnings
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The Business NG
CBN Sounds Alarm: Banks Must Strike Fast Against Rising Digital Fraud
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