The Federal Government has spent approximately $8 billion in an attempt to stabilize the naira amid ongoing economic pressures. This ...

The Central Bank of Nigeria has spoken on the strategies it will use to bring the inflation rate down from the 24.48% ...

On Thursday, the Central Bank of Nigeria’s (CBN) governor, Olayemi Cardoso, stated that the central bank’s goal is to reduce ...

The Central Bank of Nigeria (CBN) has set its sights on reducing inflation to a single digit in the medium to long term, ...

The CBN Governor announced the decision on Thursday, stating all parameters were unanimously held as committee assessed the ...

Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. ・Nigeria ...

The CBN has raised interest rates by a cumulative 16 percentage points since 2022 to curb decades-high inflation and ...

Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was ...

The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR) at 27.50%, citing improvements in ...

ABUJA (Reuters) - Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on ...

The Nigerian President, Bola Tinubu, announced in early February 2025 that he plans to increase the 2025 budget expenditure from N49.7trn ($33.1bn), which was initially presented to the National ...

ShareDespite the decline in Nigeria’s January inflation occasioned by the National Bureau of Statistics’ (NBS) rebasing of the Consumer Price Index (CPI), the country’s ability to sustain low ...