Tag
CBN
An increase in the interest rate on a savings deposit is typically expected to increase savings and serve as a form of contractionary monetary policy
The apex bank recently introduced the Unstructured Supplementary Service Data (USSD) code for its eNaira. That means Nigerians without internet-enabled phones can use eNaira for transactions
Apart from reining in inflation, the development is expected to increase the cost of credit
Investment opportunities in a high-interest rate environment.
Market operators say the decision of the Central Bank of Nigeria to increase the interest rate by 15.5% would further depress investors’ appetite for equities to embrace money market instruments
CBN's decision to raise interest rates to 15.5% could potentially alter the course of the economy.
The Central Bank of Nigeria (CBN) has informed foreign airlines that the apex bank is not compelled by any law to provide dollar to airlines
The decision was taken to help combat inflation
Naira crashed to another record low on the black market, trading at an average of N722/$1 on Tuesday morning, from N713/$1 recorded in the previous trading session as eyes are now set on the Monetary Policy Committee briefing later today, to see the direction of the apex bank concerning interest rate movement and policy directions
Experts weigh in on whether the central bank of Nigeria will raise rates or maintain the status quo.
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against...
Nigerian Companies have found a smart way of selling forex at the I&E window at black market rates