The US Federal Reserve has raised its benchmark interest rate for the first time in more than three years, taking the federal funds target range to 3.75% to 4% as policymakers respond to stubborn inflation. The decision came despite President Donald Trump’s repeated calls for lower interest rates. At the same time, the US Treasury…
Nigeria’s high-interest-rate environment is creating an unusual winner among the country’s biggest businesses. Nigerian listed companies generated ₦179.5 billion in finance income in H1 2026, a 174% increase from ₦65.6 billion recorded a year earlier. The surge shows that for companies sitting on large amounts of cash, the CBN interest rates are becoming an important…
Nigeria is facing renewed economic pressure as exceptionally high interest rates combine with renewed weakness in the naira, raising concerns over borrowing costs, business activity and household purchasing power. The Central Bank of Nigeria has maintained its benchmark Monetary Policy Rate at 26.5 per cent, following its July 20–21 Monetary Policy Committee meeting. The decision…
