**Central Bank's Guidance Takes Centre Stage as Nigeria's Big Four Banks Set Borrowing Rates for First Time Since the COVID-19 Pandemic** In a development that has left analysts abuzz, Nigeria's big four banks - First Bank, Guarantee Trust Bank, United Bank for Africa, and Zenith Bank - have set their borrowing rates for the first time since the COVID-19 pandemic. This move comes as the Central Bank of Nigeria (CBN) continues to provide guidance on the nation's monetary policy. As part of efforts to stabilize the economy and control inflation, the CBN has been working closely with these banks to ensure that lending rates are reasonable and aligned with the economy's growth trajectory. This is particularly important in Nigeria, where access to credit remains a significant challenge for many businesses and individuals. The setting of borrowing rates by the big four banks marks an important step towards achieving this goal. Analysts believe that this development will have far-reaching implications for the economy, as it will enable businesses and individuals to access credit at more affordable rates. In a related development, the CBN has been providing guidance on monetary policy, working towards a delicate balance between stimulating economic growth and controlling inflation. This guidance has been crucial in helping the nation's banks to set their borrowing rates in a way that is consistent with the CBN's overall economic objectives. It is worth noting that the setting of borrowing rates by the big four banks comes at a time when the CBN is exploring innovative ways to stimulate economic growth. The CBN has been working to increase access to credit, particularly for small and medium-sized enterprises (SMEs), which are critical to the nation's economic development. Overall, the setting of borrowing rates by Nigeria's big four banks marks an important milestone in the nation's economic journey. As the CBN continues to provide guidance on monetary policy, it is likely that this development will have a positive impact on the economy, enabling businesses and individuals to access credit at more affordable rates and stimulating economic growth. In conclusion, the setting of borrowing rates by Nigeria's big four banks is a significant development that highlights the CBN's efforts to stabilize the economy and control inflation. As the nation continues to navigate the challenges of economic growth, this development is likely to have far-reaching implications for the economy and its stakeholders.