Tight Monetary Policy Slashes Inflation by 10% - CBN   Nigeria’s sustained monetary tightening has played a central role in slowing inflation, with research estimates showing that the Central Bank of Nigeria’s policy stance accounted for as much as 10 percentage points of the decline in...

Monetary, Fiscal Coordination Key to Economic Recovery - CBN   The Central Bank of Nigeria’s (CBN) top executive and other experts have stressed the urgent need for stronger alignment between monetary and fiscal policies, saying policy contradictions remain a major cause of Nigeria’s macroeconomic instability. Speaking on...

According to the Central Bank of Nigeria, Nigerians have repaid N4.05tn in personal loans during the second quarter of 2024.

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed the reasons behind the bank's decision to further tighten monetary policy, including raising the interest rate to 27.25%. 

Inflation: CBN to Maintain Tight Monetary Policy in 2024   The Central Bank of Nigeria (CBN) is likely to maintain a tight monetary policy stance to rein in inflation in 2024 according to analysts. Tight monetary policy is a set of measures taken by a country’s Central...

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...