The Central Bank of Nigeria (CBN) has projected a robust economic growth rate of 4.17 percent for 2025, surpassing the International Monetary Fund’s (IMF) forecast of 3.2 percent. This optimistic…
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 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…
The Central Bank of Nigeria (CBN) has raised the alarm over a direct link between the monthly disbursements from the Federation Account Allocation Committee (FAAC) and the volatility of the…
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…
Before the 2008/09 Global Financial Crisis (GFC), central banks were primarily preoccupied with achieving price stability. This shift was supported by rational expectations theory and policy consistency, advocating for transparency…
In recent decades, the received central banking model has come under severe criticism, especially from the modern monetary theory (MMT) prism, which prioritizes using monetary policies for growth promotion over…
Nigeria’s food inflation rate continued to exhibit a concerning upward trajectory in August 2024, reaching a substantial 37.52% on a year-on-year basis. This marked a significant increase from the 29.34%…
The Central Bank of Nigeria (CBN) has released a new survey that paints a concerning picture of the financial struggles facing Nigerian households. According to the survey, a majority of…