JUST IN: CBN Raises Interest Rate to 26.75% Amidst Inflationary Pressures   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again increased the benchmark interest rate by 50 basis points from 26.25 per cent to 26.75 per cent. This was disclosed by...

CBN Set to Hold First MPC Meeting of 2024 The Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee (MPC), preparatory to their first meeting under the tenure of Mr. Olayemi Cardoso as Governor. The meeting is...

Why we are Moving Some Departments to Lagos - CBN Official The Central Bank of Nigeria (CBN) has said its plan to relocate some of its departments from its head office in Abuja to Lagos state is intended to decongest the CBN's head office and...

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...

Dr Cardoso Assumes Duty as Acting CBN Governor Dr. Yemi Cardoso has assumed duty as Acting Governor of the Central Bank of Nigeria. This was disclosed via a press release by the apex bank. President Bola Tinubu had nominated Dr. Olayemi Michael Cardoso to assume the...