Tag: CBN
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Naira Sees Best Daily Gains Since March on Increased FX Inflows and Expected Rate Hike
Amidst higher inflows from the CBN, the naira recorded remarkable gains compared to the haven currency, marking its highest advances since March.
To bolster the...
CBN Would Keep Raising Interest Rates if Inflation Does Not Fall – Cardoso
According to Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), ongoing inflation may make monetary tightening measures more difficult to implement...
Rivers Women Willing to Slash Food Prices by 50% but Plead for Mechanization
The National Bureau of Statistics (NBS) has released the Consumer Price Index (CPI) report for June 2024. It shows that Nigeria's headline inflation rate...
Banks’ Weekly Borrowing from CBN Climbs to N5.38 Trillion on Liquidity Needs
In the first five days of July 2024, Deposit Money Banks' borrowing from the Central Bank of Nigeria (CBN) reached an all-time high of...
Money Supply Reaches Record High of N99.23 Trillion in Spite of Liquidity Shortage
Despite monetary tightening measures being pursued by the Central Bank of Nigeria (CBN), Nigeria's money supply (M3) hit a record high of N99.23 trillion...
