Tag: CBN
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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...
Borrowers face a spike in interest payments after the CBN’s rate hike
Following the Central Bank of Nigeria's third consecutive increase in the benchmark interest rate, customers who borrowed money from the banks would start to...
Foreign portfolio outflows soar by 237% in Q1 2024 as CBN changes
Foreign portfolio investment (FPI) outflows increased by 237% in the first quarter of 2024 compared to the same time in 2023.
Data on foreign portfolio...
CBN announces a rate halt following its third consecutive increase to 26.25%
Following its third consecutive interest rate hike on Tuesday, the Central Bank of Nigeria (CBN) hinted that it would soon pull back on its...
