The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced that eight commercial banks have successfully met the recapitalisation requirements set by...
The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR) at 27.5 percent, keeping all key policy parameters unchanged in a...
The Nigerian currency, naira, sustained its recent run of relative steadiness, with the disparity between official and parallel market exchange rates narrowing significantly. By Friday, the...
The Nigerian naira showed signs of recovery on Wednesday, appreciating against the US dollar across both the official and parallel (black market) foreign exchange markets. According...
The Central Bank of Nigeria (CBN) has once again held its benchmark interest rate steady, maintaining the Monetary Policy Rate (MPR) at 27.5 percent. The decision...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s interest rate at 27.50%. CBN Governor Olayemi Cardoso announced the...
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has announced a rise in the country’s foreign reserves to $40.88 billion as of November...
In a decisive move to combat Nigeria’s surging inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously voted to raise...
