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...

The Central Bank of Nigeria (CBN) has been under pressure lately to devalue the naira against the US dollar. Currently the naira exchanges at about N197 to the dollar officially but sells for between N300 and N350 at the street market. Last week, petroleum subsidy...