Nigeria’s FX reserve rose to $34 billion – Cardoso
Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.
Tag: CBN MPC Meeting
25 basis points rate hike likely as CBN’s MPC concludes meeting tomorrow
We anticipate a 25 basis points increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) ...
Macroeconomic Roundup: Naira wears a new look as CBN tackles inflation
Last week, Nigeria’s monetary authorities intensified efforts at solving Nigeria’s many fiscal and macroeconomic problem
CBN tells Nigerians in diaspora: We will not wait for you to bring your naira
However, he reiterated that the current currency would remain legal tender alongside the new Notes until January 31, 2023.
CBN to reduce the volume of N500, N1000 in circulation to curb inflation
Emefiele suggested that Nigerians should start carrying N50 around and use electronic banking for large transactions
CBN goes harder on inflation, raises MPR to 16.5%
The further tightening stance will help restore investor sentiment while curbing the rising rate of inflation.
Final 2022 MPC Meeting: Why we expect the CBN to increase MPR
Our in-house analysts expect a hawkish stance albeit between 50bps and 100bps
All eyes on MPC as Naira crashes to record low
Naira crashed to another record low on the black market, trading at an average of N722/$1 on Tuesday morning, from ...
What does CBN’s new Interest rate hike mean for the Nigerian economy?
MPC’s decision was intended to slow galloping inflation and save the persistent Naira depreciation.
MPC Meeting: What to expect from Emefiele; forex, eNaira, Crypto, FBNH
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to meet this week, on the ...
