CBN Retains Interest Rate at 27.5%
The Central Bank of Nigeria (CBN) has maintained its current stance on interest rates, retaining the Monetary Policy Rate (MPR) at 27.5%.
This decision was announced by CBN Governor, Olayemi Cardoso, after the apex bank's 299th Monetary Policy Committee (MPC)...
MPC: Nigeria's Money Supply Rises N94.61tn to N110.9tn in One Year
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024.
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025,...
Forex Turnover in NAFEM Rises by 61% to $43bn
The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market (NAFEM) rose Year-on-Year (YoY) by 61.9 percent to $43.09 billion in the first eleven months of 2024 (11M’24) from $26.6 billion in the corresponding...
CBN Predicts Increased Food Production as FG Improves Security in North-East
The Central Bank of Nigeria (CBN) has predicted an improvement in food production in the country, following the Federal Government's efforts to improve security in the North-East.
Speaking at the end of the 298th Monetary...
Again, CBN Raises Interest Rate to 27.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which benchmarks interest rates, to 27.25 percent — from 26.75 percent
Olayemi Cardoso, governor of the apex bank, who doubles...
Banks’ Deposits With CBN Now N3.42trn - Report
The deposits of banks with the Central Bank of Nigeria ( CBN) hit a weekly high of N3.42tn at the end of last week.
This followed the announcement of the operationalisation of the Standing Deposit Facility asymmetric corridor...
