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MPC Holds Rate, Sparks Debate Over Inflation Risks

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking...

CBN Holds Interest Rate at 27.5% to Curb Inflation

The Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking the third consecutive time the rate...

CBN Reforms and Economic Policies Boost Investment Appeal

Nigeria’s investment profile is witnessing a significant revival as international investors and global institutions laud recent monetary and structural reforms championed by the Central...

IMF Endorses Economic Reforms, Urges Comprehensive Budget Overhaul

The International Monetary Fund (IMF) has commended Nigeria’s recent wave of bold economic reforms—particularly those spearheaded by the Central Bank of Nigeria (CBN)—but has...

Economic Reforms Strategize to Bridge Forex Gap as Oil Revenues Decline

Amid dwindling oil revenues and persistent external reserve pressures, Nigeria's Central Bank (CBN) has rolled out a series of economic reforms aimed at stabilising...

Orthodox Monetary Approach by CBN Alters Nigeria’s Liquidity Flow

The Central Bank of Nigeria (CBN) has begun reaping the early fruits of its return to orthodox monetary policy, with improved reserve buffers and...

CBN Rakes In N3.1bn Interest from FG Loans

The Central Bank of Nigeria (CBN) recorded a significant decline in interest income from the Federal Government's Ways and Means advances in 2024, earning...

CBN Splashes N306bn on Severance, Staff Costs

The Central Bank of Nigeria (CBN) has confirmed that it spent a staggering N306.63 billion on staff-related expenses in 2024, marking an unprecedented spike...

Edun, Cardoso Collaborates to Boost Economic Growth

As part of attempts to enhance measures targeted at increasing the synergy between fiscal and monetary policies for economic growth, Wale Edun, the Coordinating...

Nigerians to Pay Around N500 for ATM Withdrawals

Withdrawals made at GTBank automated teller machines will continue to be free of charge. New Automated Teller Machine (ATM) transaction costs have been announced by...

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