Nigeria's Money Supply Reaches Record N95.56trn in Feb 2024
Nigeria's Broad Money Supply (M3) has reached a new record high of N95.56 trillion as of February 2024.
This figure represents a 79.29% increase from the previous year, despite the Monetary Policy Committee (MPC)’s recent pronouncements.
This figure...
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: 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...
