HomeTagsMonetary policy

monetary policy

Four Rescued After Lagos Building Collapse

Four people were rescued alive after a three-storey building under construction collapsed in Yaba, Lagos, sparking overnight emergency operations

Nigerian Army Kills Militants, Frees Dozens in Raids

The Nigerian Army kills terrorists and rescues 39 hostages in raids that intensify counterterrorism efforts across northern states.

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%.

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.

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...

Nigeria Faces Naira Pressure, IMF Offers Loan Option

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

Latest articles

Four Rescued After Lagos Building Collapse

Four people were rescued alive after a three-storey building under construction collapsed in Yaba, Lagos, sparking overnight emergency operations

Nigerian Army Kills Militants, Frees Dozens in Raids

The Nigerian Army kills terrorists and rescues 39 hostages in raids that intensify counterterrorism efforts across northern states.

Hilda Baci Explains Cutback in Jollof Rice World Record Attempt

Hilda Baci scaled down her Guinness World Record jollof attempt due to technical limits but still cooked enough rice to feed 20,000 people.

High Cost of Elections: Nigeria Spends Nearly N1tn on Seven Polls in 24 years

Nigeria has spent N981.5bn on elections since 1999, ranking among the world’s costliest. Yet credibility issues and rising disputes cast doubt on the value of the spending.