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monetary policy

Nigerian Presidency Quells Uproar Over New Tax Legislation

KEY POINTS The Nigerian presidency has intervened to clarify alleged discrepancies between passed and...

Dangote Slashes Fuel Price, Demands Nationwide Compliance at MRS Stations

KEY POINTS Dangote Refinery has set a new petrol price of ₦739 per litre...

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

Nigerian Presidency Quells Uproar Over New Tax Legislation

KEY POINTS The Nigerian presidency has intervened to clarify alleged discrepancies between passed and...

Dangote Slashes Fuel Price, Demands Nationwide Compliance at MRS Stations

KEY POINTS Dangote Refinery has set a new petrol price of ₦739 per litre...

Hardship Casts Shadow Over Christmas for Onitsha’s Poor

Christmas brings little relief in Onitsha as economic hardship forces poor residents to depend on charity for food and cash.

Unprecedented Takeover: Dynamics and Implications of APC’s Dominance of the National Assembly

Defections and court rulings give the APC a two-thirds majority in the National Assembly, reshaping power and oversight in Nigeria.