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Why Your Bank Loan Still Costs So Much, Even After the CBN Rate Cut

The CBN cut its benchmark rate to 23%, yet the average maximum lending rate rose to 32.62% in September. Here is why bank loans still cost so much, and what you can do about it.

Money News

Why Your Bank Loan Still Costs So Much, Even After the CBN Rate Cut

The CBN cut its benchmark rate to 23%, yet the average maximum lending rate rose to 32.62% in September. Here is why bank loans still cost so much, and what you can do about it.

Under the New Tax Law, How Much of Your Salary Do You Actually Keep?

The Nigeria Tax Act 2025 changed how salaries are taxed. Here are the real bands from the law, how reliefs work, and worked examples showing what you take home on ₦150,000 to ₦1 million a month.

Money Stories

Business & Startups

Under the New Tax Law, How Much of Your Salary Do You Actually Keep?

The Nigeria Tax Act 2025 changed how salaries are taxed. Here are the real bands from the law, how reliefs work, and worked examples showing what you take home on ₦150,000 to ₦1 million a month.

Investing

Money Tools

How Much Has Inflation Really Taken From Your Salary?

Nigeria's inflation rate was 15.39% in August 2026. Here's the simple formula to calculate exactly what that's done to your real salary — no spreadsheet required.

Economy Decoded

Retirees Are Owed Pension Arrears. Here Is What Is Actually Going On

Two pension stories broke in the first week of November 2026: PTAD paid ₦13.87 billion in arrears to 18,822 retirees, and the House moved on alleged unpaid pensions at the CBN. Here is what each one means, and what it teaches workers on RSAs.

CBN Cuts Interest Rate to 23%: What It Means for Your Loans, Savings and T-Bills

The CBN cut its benchmark rate from 26.5% to 23% in September 2026. Here is what a 3.5-point cut really means for your loan, your savings and Treasury bill returns, and why the change will be slow.

14.63%: Nigeria’s September Inflation, Decoded

Nigeria's inflation eased to 14.63% in September 2026 and food prices fell 1.55% in a month. Here are the numbers behind it, what they mean for your wallet, and what to watch next.

Headline, Food, Urban, CPI: The Inflation Terms Everyone Should Understand

Inflation reports repeat the same technical terms every month. Here are the 8 words you need to actually understand them — no textbook definitions, just plain English.

Inflation Is Slowing. Should Nigerian Investors Change Their Strategy?

Nigeria's inflation has eased for three straight months. Here's a cautious, education-first look at what that means for investors — with no stock tips, just decision frameworks.

Numbers That Matter

Nigeria's inflation eased to 14.63% in September 2026 and food prices fell 1.55% in a month. Here are the numbers behind it, what they mean for your wallet, and what to watch next.

Markets

Money Abroad

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