Nigeria’s Money Supply Nears N100trn in May
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.
The latest money and credit statistics data from the Central Bank of Nigeria (CBN) reveals a month-on-month (M-o-M) increase...
Again, CBN Raises Interest Rate to 26.25%
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), a benchmark interest rates, from 24.75 percent to 26.25 percent.
The CBN Governor and the Chairman of the of Monetary Policy Committee (MPC), Mr. Olayemi Cardoso,...
CBN/MPC: Tackling Inflation with Bold Decisions, by Abdulrahman Abdulraheem
For a country struggling with youth unemployment, poverty and other social issues and whose Gross National Income (GNI) per capita is just a little above $2000, any increase in the prices of goods, general hike in...
Cardoso Assures on Banks’ Stability, Says MPC Decisions Target Increased Purchasing Power
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) in its 294th meeting held on Monday and Tuesday reviewed recent economic and financial developments in the country.
In a communique issued...
Cardoso Assures on Banks’ Stability, Says MPC Decisions Target Increased Purchasing Power
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) in its 294th meeting held on Monday and Tuesday reviewed recent economic and financial developments in the country.
In a communique issued...
Act Fast on Recapitalisation – CBN Tells Banks
The Central Bank of Nigeria (CBN) has called on Deposit Money Banks (DMBs) in the country to act fast on the increase of their capital base in order to strengthen the financial system against potential risks.
This was...
