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CBN Governor Olayemi Cardoso suggests maintaining high interest rates to tackle inflation. Nigeria’s inflation rate stands at 33.2%, with food inflation even higher at 40%. Cardoso...
Recent Bloomberg report identifies Nigeria’s naira as worst-performing currency Naira hits record low against dollar, attributed to severe shortage of US dollars in local market. Volatility...
The CBN has announced an increase in its interest rates policy to 18.5 percent. This move comes after a 50 basis points increase in the benchmark...
The CBN has stated that the naira redesign policy was to support stability in the exchange rate and fight crime. The CBN reassured Nigerians of the...
National leader of the All Progressives Congress, Bola Tinubu, has waded into the interest rates policy of the Central Bank of Nigeria (CBN). Tinubu said the...