The Central Bank of Nigeria’s (CBN) rate-setting body, the Monetary Policy Committee (MPC) meets today monday 20th January, under a cloud. The mass of gray overhead has nothing to do with the recent public spat between the Office of the President of the Federal Republic of Nigeria, and that of […]
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CBN defends naira with $1.4bn in two weeks
The increasing pressure on the naira has forced the Central Bank of Nigeria to defend the currency with $1.45bn within the first two weeks of this year, latest statistics by the bank has shown. According to the data, the central bank offered $1.45bn in four regulated actions through the Retail […]
Nigeria interbank rates ease on matured debt cash supply
Nigerian interbank lending rates eased to an average of 10.3 percent on Friday, compared with 10.5 percent the previous week, pressured by a surge in cash supply from matured debt notes. The central bank repaid about 419 billion naira ($2.62 billion) in special open market operation (OMO) debt notes on […]