Tag
CBN
The MPC has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5%.
The CBN debited banks a total of N120.2 billion according to information reaching Nairametrics from sources with knowledge of the matter.
The Central Bank of Nigeria has adopted the NAFEX/I&E Window exchange rate on its website ditching a multi-decade...
What does it take to join a Union, and which should a farmer apply for?
Foreign exchange speculators are set to lose over N100 billion in the next one month as the CBN sustains massive funding for BDC operators.
The Minister of State for Petroleum Resources said that a critical mass of vehicles needs to be converted to use gas to achieve the desired impact in the country.
Nairametrics spoke to a rep of Unity Bank on Monday on the process of applying for an Anchor Scheme loan.
This is the lowest utilization of forex in Nigeria since 2017, the last time Nigeria faced similar forex challenges.
CBN finally took out the official exchange rate, completing the harmonization with the I&E rate which had been announced by the Finance Minister in March.
Last week was particularly eventful for the economy and markets, with cryptocurrencies dominating the news in a significant way.
Despite the slight push back, the MPC decided to hold the rates, owing to the supply factor and the weak economic recovery of Nigeria.
The 2nd week of May promises to be a profitable week, spurred on by the activities of last week.