Tag
MONETARY POLICY
The Central Bank of Nigeria (CBN) sold approximately N17.51 trillion in Open Market Operations (OMO) bills in September 2026, while about N10.89 trillion in maturing bills was repaid over the same period, leaving a net liquidity withdrawal of roughly N6.62 trillion.
The Central Bank of Nigeria (CBN) has scheduled a N2.5 trillion Open Market Operations (OMO) auction for September 29, 2026, as a N2.433 trillion OMO repayment matures on the same day, creating a near one-for-one match between the fresh offer and liquidity injection.
The Central Bank of Nigeria's decision to cut its Monetary Policy Rate (MPR) to 23% marks a major shift in the country’s interest-rate environment, with implications for bond prices, mutual funds, pension portfolios and investors whose returns are linked to fixed-income and equity markets.
The official interbank/NAFEM market has remained relatively stable in the aftermath of previous structural shocks and aggressive peso devaluation. The large reserve buffer is preventing the sharp downward spirals seen in earlier quarters.
Nigerian banks have yet to reduce lending rates nearly a week after the Central Bank of Nigeria (CBN) cut the Monetary Policy Rate (MPR) by 350 basis points, raising concerns that borrowers may not immediately benefit from the apex bank's latest policy adjustment.
Nigeria’s apex bank could face significant upsurge in system liquidity up to about N8.57 trillion this week beginning...
Turnover on the Nigerian Foreign Exchange Market (NFEM) fell 17.7% week-on-week to $2.25 billion in the week ended September 25, 2026, extending the market’s decline for a second consecutive week.
Nigeria dropped to third position in September 2026 from second in July among 10 African countries with the highest monetary policy rates, after the Central Bank of Nigeria cut its benchmark interest rate by 350 basis points.
The Central Bank of Nigeria (CBN) allotted approximately N8.14 trillion across eight Nigerian Treasury Bills (NTB) auctions between July and September 2026, about 40.34% more than the N5.8 trillion targeted for the third quarter (Q3).
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) is expected to lower the Monetary Policy Rate (MPR) by 25 - 50 basis points at its 302nd meeting scheduled for September 22–23, 2025, as analysts cite easing inflation, naira stability, and global monetary trends as key drivers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for deeper economic ties between Nigeria and the Middle East, emphasizing opportunities for collaboration in infrastructure, tourism, and financial sector development.
The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations...