…rate unification, improved transparency in the foreign exchange market and tighter monetary policy, saying the measures had strengthened external buffers and restored investor confidence.

…showing that liquidity in the economy continued to grow despite the CBN's tight monetary policyThe increase was mainly driven by higher domestic assets, savings, and time deposits, while cash held outside the banking system declinedThe growth in money supply comes after the CBN retained the MPR, although analysts warn…

The Monetary Policy Committee (MCP) of the Central Bank of Nigeria convened last week against a backdrop of heightened geopolitical risks. CHIMA NWOKOJI, in this report, examines the decisions taken The post MPC and benchmark interest rate: safeguarding investor confidence amid US-Iran tensions appeared first on Tribun…

…months of elevated borrowing costsThe decline came even as the CBN held its benchmark Monetary Policy Rate steady at 26.5% for the second consecutive meetingManufacturers are still feeling the pressure of expensive credit, with bank lending to the sector falling sharply between 2024 and 2025Find it fast with our new se…

…of rising prices. He added that the June inflation figures did not justify another monetary policy tightening by the Central Bank of Nigeria, saying the immediate priority should be coordinated structural reforms to boost food production, improve logistics, reduce energy and production costs, deepen domestic petroleum…

…official foreign exchange market on Monday ahead of the Central Bank of Nigeria’s, CBN Monetary Policy Committee, MPC, interest rate decision. CBN data showed that the naira gained slightly to N1,380.10 per dollar on Monday from N1,380.18 per dollar recorded last Friday. This means that at the official foreign exchange…

…Private Sector leaders and economists have projected that the Central Bank of Nigeria’s Monetary Policy Committee will most likely retain the Monetary Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions and their potential impact on inflation. The stakeholders noted…

…CBN Governor defended the apex bank’s reform programme and outlined the impact of its monetary policy initiatives on the Nigerian economy. Cardoso stated that the apex bank had “fundamentally transformed Nigeria’s foreign exchange market by eliminating multiple exchange rate windows, restoring transparency, and rebuild…

…including the removal of petrol subsidy, exchange rate liberalisation, tighter monetary policy and tax reforms. According to the Bank, the reforms have begun to improve macroeconomic indicators. Economic growth increased from 3.5 per cent in the first half of 2024 to 3.9 per cent during the corresponding period of 2025…

…inflation this week, then the (rate-setting committee) will need to consider tightening monetary policy in the near term,” he said on Monday. West Texas Intermediate: UP 2.6 per cent at $80.15 a barrel, Brent North Sea Crude: UP 2.4 per cent at $85.37 a barrel, Tokyo – Nikkei 225: UP 0.7 per cent at 67,743.50 (close),…

…years. Since assuming office in September 2023, CBN Governor Olayemi Cardoso has led the Monetary Policy Committee through one of the most aggressive tightening cycles in Nigeria’s history, raising the Monetary Policy Rate from 18.75 per cent to a peak of 27.50 per cent through a series of hikes in 2024 aimed at curbin…

…and businesses are closely monitoring foreign exchange inflows, crude oil earnings, and monetary policy decisions, as these factors continue to shape the naira’s performance. Exchange Rates for July 8, 2026 Official NFEM rate: ₦1,372.96 per US dollar Parallel market buying rate: Around ₦1,400 per US dollar Parallel mar…

…to safeguard financial stability, improve banking oversight, and modernise the country’s monetary policy framework,” Ruto said in a statement on Monday. True scale demands moving beyond surface-level integrations to robust execution. We've filtered the noise out of Moonshot 2026, optimising the conference strictly for…

…outside the formal budget framework, warning that the practice complicates fiscal and monetary policy coordination, weakens oversight and transparency, and obscures the true size of Nigeria's fiscal deficit. The Fund, however, noted that the Federal Government had begun taking corrective measures, including revising bu…

Nigeria’s foreign exchange reforms have restored the effectiveness of monetary policy after years of distortions under a multiple exchange rate

…for lower interest rates. He noted that several central banks have already begun easing monetary policy and suggested that the CBN could eventually follow suit. "If the CBN does not reduce rates at its next meeting, it may decide to maintain them before considering a cut subsequently. Once the CBN begins lowering rates…