System liquidity in Nigeria’s financial market surged to a historic high of N5.73 trillion on Monday, up sharply from N4.02 trillion recorded last Friday, on the back of the recent policy adjustments by the Central Bank of Nigeria (CBN).
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that Nigerians are regaining confidence in the naira, crediting this development to a combination of fiscal discipline and targeted monetary reforms.
The Naira continued its downward trend this week and currently trades at N1,555/$1 on the parallel market on Wednesday, according to Nairametrics market survey in Lagos.
The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its latest Monetary Policy Committee (MPC) meeting.
The Central Bank of Nigeria (CBN) has announced that the 300th meeting of the Monetary Policy Committee (MPC) will take place on Monday, May 19, and Tuesday, May 20, 2025, at its headquarters in Abuja.
