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...

CBN Projects 3.38% Economic Growth for Nigeria in 2024   The Central Bank of Nigeria (CBN) has said that growth projections in 2024 indicated that the economy will grow by 3.38 percent. CBN governor, Olayemi Cardoso, made this known while briefing journalists after the Monetary Policy Committee...

Naira Appreciates to 1,468 per Dollar as MPC Meets After weeks of free fall, the Naira has finally made a comeback against the US dollar, reaching a new high of 1,468 in the official market. According to Economic Confidential findings at the parallel market, the average...

Again, CBN Postpones MPC Meeting   In spite of the surge in inflation, the Central Bank of Nigeria (CBN) has again postponed the meeting of its monetary policy committee (MPC). This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate...

CBN Postpones MPC Meeting as Naira Flirts with N1000 to Dollar The Central Bank of Nigeria (CBN) has postponed its bi monthly Monetary Policy Committee (MPC) meeting earlier scheduled for Monday and Tuesday, September 25 and 26 next week. The CBN had in a statement on...

Nigeria’s Fiscal Deficit to Decline in Q3, Q4 2023 — MPC Members of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria (CBN) have projected a continuous decline in the federal government’s fiscal deficit in the third quarter and fourth quarter of this...