Tag: CBN
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More naira, less value as N7.6 trillion in consumer spending is eroded by inflation
Nigerians are spending more money, but their money is worth less because by 2023, inflation will have cost consumers at least N7.61 trillion.
The National...
External reserves are expected to increase significantly due to inflows
Experts predict that once foreign inflows into Nigeria start, the country's external reserves will rise quickly.
Nigeria's foreign reserves have increased by 2.19 percent every...
CBN Dismisses Plan to Revoke Wema, Polaris, Unity, Fidelity Bank Licences
The Central Bank of Nigeria has stated that it is not planning to revoke the operating licenses of Fidelity Bank, Wema Bank, Polaris Bank...
Money supply reaches a record high of N96.96 trillion in a year amid liquidity crunch
Despite monetary tightening by the Central Bank of Nigeria (CBN), the money supply (M2), a monetary metric used by central banks to quantify the...
CBN’s 26.25% interest rate will increase Nigeria’s exorbitant cost of doing business – MAN
The recent 150 basis point rise in the monetary policy rate (MPR) by the Central Bank of Nigeria (CBN), according to Mr. Segun Ajayi...
