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Finance & Markets

FG says electricity subsidy gulped N3trn in 31 months

The federal government says it spent N3.14 trillion on electricity subsidy between June 2023 and December 2025 to… The post FG says electricity subsidy gulped N3trn in 31 months appeared first on TheCable .

FG says electricity subsidy gulped N3trn in 31 months

We haven't written up this one. TheCable has the full story — the link below goes straight to it.

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Why your bank loan may not get cheaper even as CBK cuts interest rates

Kenyan borrowers may not see their bank loan rates fall by as much as expected even when the Central Bank of Kenya (CBK) cuts its benchmark interest rate.

  • CBK cuts interest rates but banks may not lower loan rates accordingly.
  • Banks consider funding costs, market conditions, and borrower risk profiles.
  • Kenya Shilling Overnight Interbank Average (KESONIA) influences credit pricing.

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