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.
Tag: Monetary Policy Committee
CBN raises interest rate by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to ...
Nigeria’s external reserves surge to $34.66 billion, highest level in 13 months
Nigeria’s external reserves have increased yet again, this time by $1.88 billion to $34.66 billion as of July 4, 2024, ...
Nigeria’s external reserves surges to $34 billion, first time since March
Nigeria's external reserve rose hit a new milestone in June rising to $34.07 billion,the highest level since March 2024.
“Why I support higher interest rates in Nigeria” – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates ...
Nigeria’s money supply rebounds to historic N96.97 trillion in April 2024, defying MPC’s tightening measures
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery ...
Foreign exchange swaps fuelling decline in Nigeria’s FX reserves – MPC member
A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Bamidele A.G. Amoo, has said ...
Law enforcement agencies investigating $2.4 billion invalid FX transactions – Cardoso
Law enforcement agencies are currently investigating a series of invalid foreign exchange transactions valued at $2.4 billion, according to Yemi ...
New MPC Member, Sagagi, explains why monetary policy will not curb Nigeria’s inflation
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing ...
Increase in MPR and CRR will hurt the real sector of the economy- CPPE
CPPE has said that the outcome of the MPC meeting of 27th February 2024 would hurt the real sector of ...
