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monetary policy

News

Senate Confirms Tegbe, Enikanolaiye as Ministers

KEY POINTS The Senate confirmed Joseph Tegbe as Minister of Power and Sola Enikanolaiye...
Politics

Aisha Yesufu Dumps ADC, Joins NDC, Declares FCT Senate Ambition

KEY POINTS Aisha Yesufu has resigned from the ADC and joined the NDC alongside...
News

Nigeria’s Central Bank Doubles Down on Inflation Fight

Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
Business

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.
Business

JP Morgan Forecasts Naira to Reach N850/$ by Year-End: What It Means for Nigeria

JP Morgan, a renowned global financial services company, has made a prediction that the...
News

Nigeria Faces Naira Pressure, IMF Offers Loan Option

Nigeria’s currency, the naira, is under pressure and the country could seek a loan...

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News

Senate Confirms Tegbe, Enikanolaiye as Ministers

KEY POINTS The Senate confirmed Joseph Tegbe as Minister of Power and Sola Enikanolaiye...
Politics

Aisha Yesufu Dumps ADC, Joins NDC, Declares FCT Senate Ambition

KEY POINTS Aisha Yesufu has resigned from the ADC and joined the NDC alongside...
News

Senate Row Erupts as Akpabio, Oshiomhole Clash Over New Rules

KEY POINTS Godswill Akpabio and Adams Oshiomhole clashed during Senate plenary over the interpretation...
News

IPOB Declares Total South-East Lockdown For May 30 Biafra Remembrance

KEY POINTS Indigenous People of Biafra has declared a total lockdown across the South-East...