MPC: Experts Fear Another Hike in Interest Rates With the hawkish stance taken by the majority of the Monetary Policy Committee members at the last meeting, expectations are high that another interest rate hike will be announced after the upcoming MPC meeting. Last month, the MPC...

MPC Warns against Excess Cash as COB Rises 314% to N3.28tn in 2024 Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. They stated that currency outside banks grew...

MPC Warns against Excess Cash as COB Rises 314% to N3.28tn in 2024 Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. They stated that currency outside banks grew...

FX Records Zero Gap as Dollar Sells for N1,615 The foreign exchange (FX) recorded zero (N0.01) gap between the official and parallel market as the dollar was quoted at N1,615 across markets on Wednesday. Data released by the FMDQ Securities Exchange showed that the dollar was...

FX Records Zero Gap as Dollar Sells for N1,615 The foreign exchange (FX) recorded zero (N0.01) gap between the official and parallel market as the dollar was quoted at N1,615 across markets on Wednesday. Data released by the FMDQ Securities Exchange showed that the dollar was...

UPDATE: Why we Jerked up Interest Rate - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has said that the hike in interest rates is a response to the current inflationary pressures and the need to stabilise the Naira. Mr Cardoso made the clarification...