Top storyCBN Cuts Interest Rate, Reduces Savings Returns in Nigeria
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate, reducing returns for savers as the deposit rate fell to 6.9%. This move is part of the bank’s ongoing efforts to manage economic…
Nigeria’s Central Bank Faces Fiscal-Monetary Challenges Amid Currency Shifts
The Central Bank of Nigeria (CBN) is under pressure to balance fiscal and monetary policies as the country faces shifting currency dynamics. Recent data shows that currency outside banks has surged by…
Nigeria's fiscal-monetary pact faces key test
Nigeria’s new fiscal-monetary policy agreement is set to face its first major test as it seeks to improve coordination between the Ministry of Finance and the Central Bank of Nigeria. The pact, announ…
