No going back on orthodox monetary policy, CBN governor says
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized that the country's monetary policy would remain focused ...
Tag: Monetary Policy Committee
Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6% of GDP
Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August ...
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88 ...
Nigeria’s money supply surges to N108.9 trillion, up 68% in one year
Nigeria’s money supply (M3) has grown by 62.8% year-on-year (YoY) in September 2024, despite the Monetary Policy Committee’s (MPC) tightening ...
Ghana’s Central Bank lowers interest rate by 200 basis points
The Bank of Ghana has cut interest rates by 200 basis points from 29% to 27% as inflation slowed in ...
Nigeria’s external reserves hit $39.07 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024.
DMO opens bonds offer for September with Interest at 18.20%
The Federal Government of Nigeria, through the Debt Management Office (DMO), has opened offers for subscription to Federal Government of ...
Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25% ...
Nigeria’s capital importation hits $5.92 billion in six months – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that capital importation has risen to $5.92 ...
Nigeria’s external reserve now $37 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $37.05 billion as of July 18, 2024.
