…external reserves, a more resilient external position, moderating inflation and stronger monetary policy transmission. The Finance Ministry said its revenue strategy would remain a key component of the reform agenda, alongside fiscal discipline, debt management and a market-driven foreign exchange regime. It said the g…

…exchange reserves, improved foreign exchange market functioning and more effective monetary policy transmission. It added that gradually higher oil production was expected to support economic growth in 2026 and 2027. “The change in outlook to positive from stable reflects improvements in Nigeria’s external position and…

…placed on the country’s public finances, while N1.24tn was attributed to the impact of monetary policy decisions on domestic debt service. Social welfare transfers accounted for N424bn, while N419bn went to the FCT, Ecological Fund and Natural Resources-related interventions. The higher naira cost of foreign obligation…

…between the monetary and fiscal policy. You see the government coming up with one monetary policy and on the other hand, the fiscal authority is also using a contradictory policy,” he stressed. He added, “You might agree with me that the manufacturing sector cannot be competitive in an environment where the government…

…in the country’s external reserves and other economic indicators to sustained monetary policy tightening, increased transparency in the foreign exchange market, and growing investor confidence. She said the foreign reserves had exceeded the CBN’s annual target, driven by sustained inflows and renewed participation by i…

…and capital-flow movements. The Central Bank of Nigeria is expected to retain a tight monetary policy stance, with room for gradual rate cuts if disinflation is sustained. PwC said the immediate policy priority should be to move beyond macroeconomic stabilisation towards inclusive growth by protecting household purchas…

…could be partly offset by continued exchange rate stability, the lagged effects of tight monetary policy, and favourable base effects” it noted. While reviewing the Nigeria’s economy in the first half 2026, H1’26, the NESG in its report titled “ Turning Potential into Progress,’ stated that the economy is expected to g…

…is expected to improve banks’ access to liquidity and strengthen the transmission of monetary policy across the financial system.FX turnover jumps 266 per centTrading activity also surged sharply on Monday, underscoring increased liquidity and participation in the interbank FX market.The number of deals rose by 29.93 p…

…was driven by a combination of factors, including exchange-rate stability and tight monetary policy, rather than fuel price reduction alone. He noted that the real challenge was that food prices and the cost of other essential household items remained high, meaning Nigerians were yet to benefit significantly from the l…

…on a month-on-month basis", NBS stated on X.Note that the Central Bank of Nigeria's Monetary Policy Committee, in July, retained the country's interest rate at 26.50 percent. by Linda Ikeji at 17/08/2026 6:53 PM | Share this Story

…because value addition is what creates wealth and employment,” Onafowokan said. On monetary policy, he backed the CBN’s decision to retain the Monetary Policy Rate at 26.5 per cent, describing it as the right balance between curbing inflation and maintaining macroeconomic stability. However, he predicted that the apex…

…deducted. Failure to remit tax deducted: 10 per cent per annum, plus the applicable CBN Monetary Policy Rate interest and the outstanding tax. VASP or P2P marketplace non-compliance: ₦10 million for the first month and ₦1 million for each subsequent month. False VAT refund claims: 100 per cent of the amount claimed plu…

…costs, Atiku said the administration bore direct responsibility, arguing that the Monetary Policy Rate had climbed sharply under Tinubu, crowding out the private sector and making borrowing too expensive for manufacturers.Atiku said food prices, unemployment, naira depreciation, and business closures represented the tr…

…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…