No Plan to Unify Exchange Rate - CBN   The Central Bank of Nigeria (CBN) has denied that its recent forex liberalisation policy was aimed at unifying the exchange rate. Fielding questions from journalists after the two-day Monetary Policy Committee (MPC) meeting on Tuesday, the acting CBN...

External Reserves Drop by $3bn in Six Months, Says CBN   Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures...

External Reserves Fell to $35bn in Two Weeks - CBN   The Central Bank of Nigeria report has revealed the country’s external reserves fell by $112.78m in two weeks to $35.42bn Figures obtained from the CBN’s data on the movement of external reserves on Monday showed that...

External Reserves Drop By $1.46bn In Two Months - CBN   The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The reserves ended February 27, 2023 at $36.67bn. Figures obtained from the CBN’s data on movement...

18% Rate: Economists Fault MPC Over Increase   Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria over its decision to increase the benchmark interest rate by 50 basis points to 18 per cent from 17.5 per cent. The experts spoke in reaction...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigerian Banks Healthy    The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January. This...