Finance & Economy
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CBN Raises MPR by 150 basis points to 26.25% from 24.75%, Retains others
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has CBN raised MPR by 150 basis points…
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Soaring debt and deficits causing worry about threats to the economy and markets
Key Points The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in…
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Currency in Circulation Rises 130% Y-o-Y, Reaching an All-Time High of N3.87trn in March 2024
As of March 2024, the Central Bank of Nigeria (CBN) statistics revealed significant changes in the country’s money supply. Currency…
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NDIC’s N5M Deposit Insurance Protection: Matters Arising
One thing that differentiates a country’s regulated financial operations from their informal or unregistered counterparts is the guarantee of funds…
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CBN Kickstarts Strategy To Double Forex Remittances
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle…
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Nigeria’s Headline Inflation Increased by 33.69%YoY in April 2024
as Food Inflation Rises by 40.53% The headline inflation rate in April 2024 increased to 33.69%, up from 33.20% in…
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Nigeria’s Q1 forex remittance drops, net foreign assets soar
Nigeria experienced a 6.28 per cent decrease in its total direct foreign exchange remittances in the first quarter of 2024,…
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CBN-ONSA Cybersecurity Levy: One Circular Too Many
The recent cybersecurity levy circular by the Central Bank of Nigeria (CBN) was one circular that was one too many.…
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CBN Extends the Suspension of Charging Processing Fees on Cash Deposits Till September 30, 2024
A new directive from the Central Bank of Nigeria (CBN) has extended the suspension of processing charges on cash deposits…
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Investors Lost N268.75bn as NGXASI Declined by 0.48%; BDC Rate Depreciated to N1,423/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed negatively, losing 475.18 basis points, with a negative market breadth.…
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