Monetary Policy
Monetary Policy news
“Why I support higher interest rates in Nigeria” – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates...
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Monetary policy tightening by CBN may not control Nigeria’s inflation – World Bank
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in...
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Nigeria’s money supply rebounds to historic N96.97 trillion in April 2024, defying MPC’s tightening measures
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery...
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Nigeria’s letter of credit payments fall by 63% in Q1 2024
Nigeria’s letter of credit payments have plummeted by 63% in the first quarter of 2024 compared to the same period...
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MPR hike: Nigerian businesses need single-digit interest rate to grow economy – CPPE
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to expedite...
Read moreDetailsCBN looking to double diaspora remittance inflows in 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the bank aims to double...
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High FX rate, insecurity, others driving food inflation in Nigeria – CBN Committee
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has listed high foreign exchange rate on imported food...
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CBN’s committee blames volatility in FX market on seasonal demand for dollar
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign...
Read moreDetailsCBN increases interest rate by 150 basis points to 26.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points...
Read moreDetailsCBN withdraws circular on cybersecurity levy
The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit...
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