The CBN mandates international remittances be settled in naira via local banks, enhancing transparency and fairness in Nigeria's remittance ecosystem.

The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1. Authorities aim to improve transparency and curb parallel foreign exchange market ...

The CBN has banned dollar payouts for diaspora remittances. From May 1, Nigerians will receive funds only in naira.

Bank of America economists raised the prospect of a policy move in the opposite direction of President Trump's pressure on ...

Mortgage rates fell below 6 percent on Thursday for the first time in more than three years, marking an opening for homebuyers as inflation cools. Currently, the 30-year fixed-rate mortgage is ...

The average long-term US mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring homebuying season gets rolling. The benchmark 30-year ...

US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers. On Thursday, the average 30-year fixed ...

The big tax law signed last summer could push down your effective tax rate more than you think. Even though your top bracket and top rate might not drop, that isn’t always as important as you might ...

Economic forecasting has never been easy, and it becomes even more challenging in the face of unprecedented events like COVID-19 lockdowns and extraordinary levels of fiscal and monetary intervention.

30-year fixed mortgage rates averaged 6.11% as of Feb. 5, 2026, holding near its lowest level in years and remaining essentially flat from the previous week’s 6.10%. Fifteen-year fixed mortgage rates ...

If the average on the 30-year fixed mortgage moved to 6%, 5.5 million current homeowners would be able to benefit from a refinance. About 20% of borrowers have mortgages with a rate over 6%. A ...