Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets   The naira has strengthened consistently over the past three weeks, reflecting improved stability and confidence in Nigeria's foreign exchange market. Precisely, on the parallel market, some FX dealers in Lagos traded the naira at...

Global Tensions, Tariffs May Impact Nigeria's Economic Outlook - Cardoso   The Central Bank of Nigeria (CBN) has expressed concerns about the impact of global economic risks on Nigeria's economy. Speaking after the bank's 299th Monetary Policy Committee (MPC) meeting in Abuja on Thursday, the CBN Governor,...

Why we Projected Moderation in Inflation, Maintained Key Rates - CBN   The Central Bank of Nigeria (CBN) has expressed optimism about a gradual drop in inflation rates, citing recent macroeconomic developments that are expected to positively impact price dynamics in the near to medium term. CBN...

Naira Appreciates to 1,494.03/$ in Official Market   The naira experienced a notable appreciation on Thursday, with the currency trading at 1,494.03 to the US dollar at the official exchange window, as indicated by data from FMDQ Securities Exchange Limited. Similarly, it appreciated at the parallel market to...

Investors Commit N2.41trn to Treasury Bills Auction   Nigeria's treasury bills auction on February 19, 2025, attracted robust investor interest, with subscriptions totaling N2.41 trillion across the three available tenors. However, this marked a decline from the N3.22tn recorded in the previous auction held on February 5, 2025....

CBN Retains Interest Rate at 27.5%  The Central Bank of Nigeria (CBN) has maintained its current stance on interest rates, retaining the Monetary Policy Rate (MPR) at 27.5%. This decision was announced by CBN Governor, Olayemi Cardoso, after the apex bank's 299th Monetary Policy Committee (MPC)...