State of the Economy: Dangote Refinery, MPR Hike and Matters Arising  By Abdulhaleem Ishaq Ringim For years, the Dangote Refinery has been hailed as a potential lifeline for Nigeria's ailing economy. Despite its vast oil reserves, Nigeria has failed to achieve sustained economic growth and stability...

CBN Approves Forex Sales of $20,000 to BDCs at N1,590/$ The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change operator across the country. This was disclosed by the apex bank in a statement signed by...

Again, CBN Raises Interest Rate to 27.25% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which benchmarks interest rates, to 27.25 percent — from 26.75 percent Olayemi Cardoso, governor of the apex bank, who doubles...

Nigeria's External Reserves Hit 22-Month High to $37.31bn — CBN Nigeria’s external reserves have reached a 22-month high of $37.31bn, reflecting significant foreign inflows into the country’s economy. Data from the Central Bank of Nigeria (CBN) revealed that as of September 18, 2024, the reserves hit...

Cardoso: A Public Official in the Eye of the Storm By Bashir Jalal In the peculiar context of Nigerian public space, there are three categories of critics. The first is that of people who offer constructive engagements and are not bogged by any pecuniary, regional, or...

CBN Clarifies Controversy, Withdraws Policy Document The Central Bank of Nigeria (CBN) has made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. It disclosed this in a new statement...