Dollar Maintains Strength Against Global Currencies Amid US Economic Fluctuation
In the absence of U.S. markets due to a holiday, the dollar edged lower on Monday, reflecting the impact of ...
Tag: monetary policy
Euro Zone Inflation Surpasses Expectations in August, Posing Challenges for Central Bank
Inflation within the Euro Zone has exceeded analysts' projections for the month of August, presenting a complex scenario for the ...
Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.
In a noticeable trend, Nigeria's commercial banks and merchant banks have been increasingly turning to the Central Bank of Nigeria ...
Femi Falana Takes CBN to Court Over Dollarization of Economy
Prominent human rights activist and senior lawyer, Mr. Femi Falana, has taken the Central Bank of Nigeria (CBN) to court, ...
China’s Central Bank Implements Modest Interest Rate Cut Amid Economic Challenges.
China's ongoing efforts to address economic challenges have led to its central bank making a strategic move – the reduction ...
Just in: NNPC Obtains $3Billion Emergency Crude Repayment Facility for Naira Boost
In a significant development aimed at bolstering the Nigerian naira, the Nigerian National Petroleum Company (NNPC) Limited and the African ...
Unpacking July’s Inflation Surge: Economic Concerns Mount as Inflation Rate Rises in 2023
In a concerning economic development, Nigeria's headline inflation rate surged to 24.08% in July 2023, up from 22.79% in June ...
Swiss National Bank Reports 13.20 Billion Swiss Francs Loss in Second Quarter of 2023.
On Monday, the Swiss National Bank (SNB) announced a significant loss of 13.20 billion Swiss francs ($15.14 billion) in the ...
Currency Outside Banks Surges to N2.26tn by June 2023, Reports CBN.
In a recent report released by the Central Bank of Nigeria (CBN), currency outside banks in the country reached a ...
Nigeria Anticipates Interest Rate Decision at CBN MPC Meeting with Focus on Shonubi
As economic uncertainty looms over Nigeria, all eyes are on the acting Central Bank of Nigeria (CBN) Governor, Fola Shonubi, ...
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