The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank segment of the foreign exchange (forex) market by injecting a total of $482.6 million into the market. This, the bank said underlined its determination to protect the value of the naira. A breakdown...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate(MPR) at 14 percent at its meeting held between 22-23 May, 2017 at the CBN headquarters , Abuja. The Governor of the apex bank, Mr. Godwin Emefiele...

With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the United States dollar at the weekend, underscoring the resolve of the apex Bank to achieve convergence of rates between the...

Hopes of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance. Minister of Finance, Mrs. Kemi Adeosun and Governor...

Desirous of sustainable monetary and fiscal collaboration in efforts to pull the economy out of the current crisis, the leadership of the Central Bank of Nigeria (CBN) and the ministries of Finance, Budget and National Planning as well as Trade and Investment, at weekend,...

Employers under the aegis of the Nigeria Employers’ Consultative Association have decried the retention of the nation’s Monetary Policy Rate at 14 per cent, saying it had increased the cost of business financing. Speaking on the state of the economy at a press conference in...