Nigeria’s Interest Rate Dilemma: Stability at What Cost? By Prof. Chiwuike Uba, PhD In its July 2025 Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria (CBN) opted to retain its existing monetary parameters—maintaining the Monetary Policy Rate (MPR) at 27.5%, the Cash Reserve Ratio...

Naira Holds Firm Against Dollar in Black Market The Naira remained stable against the US dollar on Wednesday, July 23, strengthening im the parallel market. Currency dealers in Abuja told Economic Confidential that the Naira was exchanged at ₦1,515 per dollar for buying and ₦1,525 for...

Cardoso: We Won’t Stop Until Inflation Hits Single Digit The Central Bank of Nigeria (CBN) has said it will maintain a tight monetary policy stance until inflation is decisively curbed, reaffirming that achieving a single-digit inflation rate remains its top priority. CBN Governor, Mr. Olayemi Cardoso,...

The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent

Chairman of BUA Cement Plc, Dr Abdul Samad Rabiu, says foreign exchange reforms by the Central Bank of Nigeria (CBN) have eliminated the need for companies to lobby for FX.