Again, CBN Postpones MPC Meeting   In spite of the surge in inflation, the Central Bank of Nigeria (CBN) has again postponed the meeting of its monetary policy committee (MPC). This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate...

Monetary Reforms Yielding Positive Results - CBN The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the just-released inflation rate for October in a statement issued by the Director of the Corporate...

Inflation: Monetary Policy Reforms Yielding Results - CBN  The Central Bank of Nigeria has said its monetary policy reforms have started reflecting positively on the country’s economy. The apex bank’s Director, Corporate Communications Department, Isa AbdulMumin, said this while speaking in Abuja on the latest inflation...

CBN Extends Validity of Old Naira Indefinitely   The Central Bank of Nigeria (CBN) has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira...

Eight Firms Record N918.1bn Currency Revaluation Loss   Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023. Following a Central Bank of Nigeria move in June...

Naira Crashes to N1,000 Per Dollar in Official Market Despite recent moves by the Central Bank of Nigeria to strengthen the foreign exchange market, the naira closed trading on the Investor & Exporter forex window on Thursday at N996.75/$. This is a 13.95 per cent decline...