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
Last week, Nigeria’s monetary authorities intensified efforts at solving Nigeria’s many fiscal and macroeconomic problem
However, he reiterated that the current currency would remain legal tender alongside the new Notes until January 31, 2023.
Emefiele suggested that Nigerians should start carrying N50 around and use electronic banking for large transactions
The further tightening stance will help restore investor sentiment while curbing the rising rate of inflation.
Our in-house analysts expect a hawkish stance albeit between 50bps and 100bps
Naira crashed to another record low on the black market, trading at an average of N722/$1 on Tuesday morning, from ...
MPC’s decision was intended to slow galloping inflation and save the persistent Naira depreciation.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to meet this week, on the ...
CBN had granted a temporary suspension on loan interests and repayment on principal debts.
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