30 results
- 27 Nov 2025
CBN’s 303rd MPC Meeting: A Technocratic Victory, an Economic Setback, and a Missed Opportunity on Nigeria’s Real Crisis
By Blaise Udunze The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the Nigerian economy. The country has not faced a…
- 12 Jun 2019
MPC Worries over Banks’ Bad Loans, Forex Exposure
Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has expressed worry over the concentration and high non-performing loans (NPLs) in banks. The committee decried the persistent…
- 24 Nov 2025
Insecurity and Soaring Food Prices: Why CBN’s MPC Must Target the Real Enemy Despite Favourable Macroeconomic Tailwinds
By Blaise Udunze Obviously, one would say that the macroeconomic indicators are finally pointing in the right direction, yet, daily realities for households and businesses tell a very different story…
- 20 Feb 2025
CBN Retains Benchmark Interest Rate at 27.5% after MPC Meeting
Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, as its benchmark interest rate at 27.5%.Nigerian home decor ideas. Governor of CBN, Olayemi Cardoso, disclosed this at the…
- 26 Feb 2026
Union Bank Assures Safety of Deposits Post-Cardoso MPC Remarks
Union Bank of Nigeria has reaffirmed its status as a going concern with stable operations, responding to media queries sparked by Central Bank Governor Olayemi Cardoso's remarks at the 304th Monetary…
- 17 May 2010
Monetary Policy Committee Holds Meeting
The Monetary Policy Committee (MPC) met on 10th and 11th May, 2010 to review domestic economic conditions during the first four months of 2010 and the challenges facing the Nigerian economy against…
- 20 May 2025
CBN Maintains 27.50% MPR as Inflation Moderates
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the MPR at 27.50 per cent, thus making it the second consecutive time in 2025. The decision was announced by the CBN…
- 22 Mar 2017
Banks Becoming Less Resilient- CBN
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday said that the adverse macroeconomic environment, which had led to massive job losses and declining profitability, was…
- 22 Jan 2013
CBN Says ‘Non-Oil’ Sector Remain Engine of Growth
Central Bank of Nigeria’s monetary policy committee (MPC) last night said the non-oil sector remained the major driver of growth recording 8.23 per cent increase in contrast to the oil sector, which…
- 7 Nov 2019
US-China mini trade deal hits setback
By Hussein Sayed, Chief Market Strategist at FXTM · US-China trade deal could be delayed until December · Bank of England to keep rates unchanged · Sterling traders focused on MPC votes A lot of…
- 26 Jan 2021
CBN Opposes Fresh Lockdown as Interest Rate Remains at 11.5 Per Cent
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday urged the Federal Government not to consider another round of lockdown. Godwin Emefiele, CBN governor Godwin Emefiele,…
- 25 May 2021
CBN Retains Lending Rate at 11.5%
The Monetary Policy Committee MPC of the Central Bank of Nigeria CBN has retained the Monetary Policy Rate at 11.5 per cent. Governor of the Central Bank of Nigeria CBN, Godwin Emefiele, disclosed…
- 18 Jan 2013
CBN Policy Committee to Review Economy
The Central Bank of Nigeria’s says its 230th ‘Monetary Policy Committee (MPC), is to hold Monday to review the nation’s performance of key economic indicators, as well as other global economic…
- 21 Jul 2022
CBN Clarifies Warning on Criminal Currency Conversion
Central Bank of Nigeria (CBN) on Thursday explained that the statement made by Godwin Emefiele, governor, at the last Monetary Policy Committee (MPC) meeting briefing, was a stern warning to bank…
- 17 Sept 2021
CBN Retains Monetary Rate @ 11.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the country’s monetary policy rate (MPR) for another period. This was disclosed by the Governor of the…
- 27 Feb 2024
CBN Raises Interest Rate to 22.5%
Central Bank of Nigeria's Monetary Policy Committee (MPC) has raised interest rate by 400 basis point from 18.5 percent to 22.5 percent. CBN governor Yemi Cardoso disclosed the decision of the…
- 20 Nov 2013
CBN to Cut Naira Supply Next Year Ahead of 2015 Polls
Central Bank of Nigeria (CBN) may further reduce money supply next year under her new tighter monetary policy for the 2014 fiscal year, in a bid to check the excessive pressure on prices due to the…
- 26 Jul 2017
FXTM: Nigeria's Economic Recovery Could Become Reality By Year End
Nigeria’s ongoing mission to diversify away from oil reliance, and a sharp drop in oil which triggered a currency crisis, have encouraged the Central Bank of Nigeria to maintain its key interest…
- 24 Sept 2025
CBN Governor Confirms 14 Banks Meet New Capital Thresholds
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has confirmed that 14 Nigerian banks have fully met the new capital requirements set under the ongoing recapitalisation exercise. Cardoso…
- 13 Jan 2023
CBN says Banking System Remains Resilient
The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria…
- 28 Jul 2021
CBN Says eNaira Will Make Transactions Cheaper
Central Bank of Nigeria (CBN) has said that transactions will be cheaper to conduct with eNaira, Nigeria’s digital currency. Godwin Emefiele, governor, who spoke in Abuja at the end of the bi-monthly…
- 27 Mar 2024
CBN Urges Banks to Expedite Action on Recapitalisation
Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite action to increase their capital base from the current ₦25bn. Olayemi Cardoso, governor of CBN Olayemi…
- 24 May 2022
CBN Raises Interest Rate to 13 Percent
Central Bank of Nigeria (CBN) has raised interest rate in the country to 13 percent, showing an increase of 1.5 percent. The interest rate had been at 11.5 percent initially before the hike by the…
- 27 Feb 2024
Over $26bn from Unknown Sources Passed through Binance Nigeria in one year – CBN
Central Bank of Nigeria (CBN) governor, Yemi Cardoso has stated that over $26 billion passed through the crypto app, Binance Nigeria in the last one year. Cardoso stated this on Tuesday, February 27…
- 16 Sept 2021
CBN Repoterdly InvestigatingAdedotun, abokiFX Founder, for ‘Illegal’ Forex Trading
Central Bank of Nigeria (CBN) is investigating Oniwinde Adedotun, the founder of abokiFX. TheCable quoting sources within the CBN reported that Adedotun and abokiFX Limited are currently under…
- 27 Jul 2021
No More Forex Sales to Bureau De Change Operators- CBN
Central Bank of Nigeria (CBN) has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. Godwin Emefiele, governor, CBN, disclosed this after the Monetary…
- 21 Jul 2026
CBN Retains Interest Rate at 26.5% as Cardoso Cites Global Uncertainty Despite Inflation Drop
Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the nation’s benchmark interest rate, at 26.5 per cent, citing heightened global uncertainties despite signs of resilience…
- 19 Mar 2013
CBN Worries as Oil Fortunes Dwindles, GDP Contrasts to 6.58%
The Central Bank of Nigeria’s (CBN’s) monetary policy committee has stated that the Nigerian gross domestic product (GDP) rate declined from 7.43 per cent in 2011 to 6.58 per cent in 2012. Arising…
- 24 Jul 2018
CBN Mulls New Credit Mechanism for Real Sector @ Single Digit
To encourage banks to give credit to the real sector of the economy, at single digit rates, the Central Bank of Nigeria (CBN), has offered to complement the effort of Deposit Money Banks (DMBs)…
- 22 Mar 2017
There’re Signs CBN May Cut Monetary Policy Rates Soon- Lukman
In spite the Central Bank of Nigeria (CBN) Monetary Policy Committee’s decision on Tuesday to retain the country’s benchmark interest rate at 14 percent, Lukman Otunuga, research analyst at Forex…