ECB set to raise rates for first time in two and a half years
The ECB will raise rates Thursday for the first time in two and a half years, citing inflation driven by the Iran war.
The CBN’s N7.3 Trillion Drain: How Monetary Policy Became a Substitute for Economic Governance
The CBN drained N7.3 trillion in May while injecting only N5.73 trillion. This is not monetary policy. It is a sign that the central bank has abandoned stabilisation and become a substitute for economic governance that the government will not provide.
African central banks halt rate cuts as oil prices surge
Oil price surge from Middle East tensions forces African central banks to pause planned interest rate cuts.
CBN chief warns against interventionist policy, backs orthodox approach
CBN Governor Olayemi Cardoso reaffirms commitment to orthodox monetary policy and warns against interventionist programmes.
Ten banks rake in N4.6tn interest income despite CBN rate cuts
Ten Nigerian banks earned N4.6 trillion in interest income in Q1 2026, up 8.2 per cent year-on-year.
CBN holds rates at 26.5% as foreign reserves near $50 billion
CBN holds interest rate at 26.5% as foreign reserves approach $50 billion mark.
NiMet, CBN sign deal to share weather data for economic planning
NiMet and CBN partner to use weather data for smarter economic forecasting and policy decisions.
Zambia cuts benchmark rate to two-year low despite Middle East tension
Zambia's central bank cuts its key interest rate to 8.75 percent as inflation moderates.
Ethiopia’s inflation surges back to double digits after five months
Ethiopia's inflation rate returned to double digits in December after five months below that level.
Ghana’s inflation quickens to 3.4% in April, first rise in months
Ghana's inflation rose to 3.4% in April, the first increase since December 2024.
Senate confirms Yuguda as CBN deputy governor
Senate confirms Sule Yuguda as Central Bank of Nigeria deputy governor after presidential nomination.
CBN Temporarily Withdraws 2024-2025 Monetary Policy Guidelines Amid Misinterpretation Concerns
The Central Bank of Nigeria (CBN) has temporarily withdrawn its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the...