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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.
Oil price surge from Middle East tensions forces African central banks to pause planned interest rate cuts.
CBN Governor Olayemi Cardoso reaffirms commitment to orthodox monetary policy and warns against interventionist programmes.
Ten Nigerian banks earned N4.6 trillion in interest income in Q1 2026, up 8.2 per cent year-on-year.
CBN holds interest rate at 26.5% as foreign reserves approach $50 billion mark.
NiMet and CBN partner to use weather data for smarter economic forecasting and policy decisions.
Zambia's central bank cuts its key interest rate to 8.75 percent as inflation moderates.
Ethiopia's inflation rate returned to double digits in December after five months below that level.
Ghana's inflation rose to 3.4% in April, the first increase since December 2024.
Senate confirms Sule Yuguda as Central Bank of Nigeria deputy governor after presidential nomination.
The Central Bank of Nigeria (CBN) has temporarily withdrawn its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the...
