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...
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...
