MPC meeting: CBN hikes interest rate to 24.75 %, retains CRR at 45%
Rising from its meeting, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has jacked up the benchmark interest rate by 200 basis points to 24.75 percent…
Again, naira appreciates against dollar, here’s Tuesday’s black market rate
The naira has continued to appreciate against the dollar in both the official and black markets just moments before the MPC meeting which starts today. Political Economist NG reports that…
CBN, Cryptocurrency and terror financing, by Ken Ugbechie
Central Bank of Nigeria, CBN, at the twilight of 2023 lifted a ban on cryptocurrency third party transactions. Early this year, it followed it up with fresh guidelines to banks…
Cardoso magic: Naira keeps a steady rebound against the dollar
The Naira has continued its bullish run against the dollar in both the official and black market in what experts attributed to the improved and innovative forex policy of the…
Nigeria’s external reserves significantly increases to $34.11 bn highest in 8 months – CBN
March 21, 2024 The Central Bank of Nigeria (CBN) has reported a significant increase in external reserves, rising by 993 million dollars to 34.11 billion dollars as of March 7,…
CBN clears $1.5bn outstanding fx transactions, eliminates legacy backlog
March 21, 2024 The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled. This is according to a statement by CBN’s Acting Director, Corporate…
Extreme and continuous monetary tightening by CBN, are we on the right track?
By Segun Sanni The Buhari government did great damage to Nigeria’s economy for the excessive money it created and threw carelessly into the economy. We’re facing the extremely negative impact…
CBN: Confronting Inflation And Other Challenges, By Arize Nwobu
In confronting inflation and other economic challenges, the Governor Central Bank of Nigeria (CBN), Olayemi Cardoso recently cleared the air and noted that the present CBN management was not responsible…
Inflation: CBN ups interest rate by 400 basis points to 22.75 %
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the Monetary Policy Rate (MPR), also known as interest rate, Â by 400 basis points to…
Atiku, your prescription will bring back Emefiele era – Presidency
Former Vice President, Atiku Abubakar, in an attempt to rubbish the foreign exchange policy of the Tinubu administration got his facts muddled up again. He also failed to prescribe…