Browsing Tag
Monetary Policy
3 posts
Emir Sanusi Credits CBN Reforms for Economic Growth Outpacing Population
Emir Muhammadu Sanusi II claims Nigeria's economy is finally outpacing population growth due to the Central Bank's successful stabilization efforts.
Central Bank of Nigeria keeps interest rate at 26.5% amid geopolitical concerns
The CBN has held its benchmark interest rate at 26.5% citing global risks linked to Middle East tensions, while reporting that external reserves have grown to $52.5 billion.
Central Bank confirms lower denomination naira notes remain valid currency
Governor Olayemi Cardoso reaffirms that small denomination naira notes remain valid currency, citing supply and demand as the primary reason for their current scarcity.