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Read more about the article Excess Cash In Circulation May Worsen Inflation – MPC Members
Don't Miss / Economy & Business / Editor's Pick / Highlighted / News / Newsbeat / Politics

Excess Cash In Circulation May Worsen Inflation – MPC Members

Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. This was revealed in…

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March 21, 2024
Read more about the article JUST IN: Tough Times Ahead For Nigerian Commercial Banks As CBN Plans Tough Sanctions For Banks
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat

JUST IN: Tough Times Ahead For Nigerian Commercial Banks As CBN Plans Tough Sanctions For Banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on…

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February 28, 2024
Read more about the article Interest Rate High Again: CBN Raises Interest Rate To 22.75%
Don't Miss / Economy & Business / Editor's Pick / Newsbeat / Politics

Interest Rate High Again: CBN Raises Interest Rate To 22.75%

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN Governor, Olayemi Cardoso, disclosed…

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February 27, 2024