CBN Maintains Tight Monetary Policy to Combat Inflation
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to a tight monetary policy stance as it continues to grapple with persistent inflationary pressures. In a bid to tame…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to a tight monetary policy stance as it continues to grapple with persistent inflationary pressures. In a bid to tame…
The Central Bank of Nigeria (CBN) has granted a much-needed reprieve to Bureau De Change (BDC) operators by extending the deadline for recapitalization. The new deadline, set for June 3,…
Nigeria’s foreign exchange market continues to be a subject of intense scrutiny, with divergent views emerging from global financial institutions. While the International Monetary Fund (IMF) has expressed optimism about…
Nigeria’s ongoing cash crunch has taken a worrying turn, with a significant portion of the nation’s currency now held outside formal banking channels. According to the latest Money and Credit…
The International Monetary Fund (IMF) has issued a strong call for Nigeria to undertake significant structural reforms to bolster its economic outlook. Tobias Adrian, the IMF’s Financial Counsellor and Director…
Nigeria is setting its sights on a significant boost to its foreign exchange reserves, targeting monthly remittance inflows of $1 billion and exploring the issuance of a diaspora bond in…
The Central Bank of Nigeria (CBN) has moved to dispel widespread rumors suggesting that the old N200, N500, and N1,000 banknotes would cease to be legal tender by December 31,…
In a bid to address the persistent depreciation of the naira against the US dollar, the Central Bank of Nigeria (CBN) has announced the sale of foreign exchange worth $20,000…
Nigeria’s external reserves have experienced a remarkable resurgence, reaching a new high of $39.07 billion as of September 19, 2024. This significant boost, announced by the Central Bank of Nigeria…
In a move that sent shockwaves through the financial markets, the Central Bank of Nigeria (CBN) on Tuesday announced a significant increase in its Monetary Policy Rate (MPR). The rate…