The Central Bank of Nigeria (CBN) successfully secured approximately N1.008 trillion during its most recent Open Market Operations (OMO) auction conducted on Friday, April 25, 2025. Driven by robust investor interest, the auction witnessed an impressive oversubscription of 102%, reflecting heightened appetite for high-yield government securities in response to escalating inflation and expanding liquidity in […]
In a significant policy shift, the Central Bank of Nigeria (CBN) has approved the disbursement of Basic Travel Allowance (BTA) in cash for Nigerian pilgrims attending the 2025 Hajj. This move follows Vice President Kashim Shettima’s intervention. A statement issued by Stanley Nkwocha, the vice president’s spokesperson, confirmed that the CBN’s decision overturns an earlier […]
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The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system. CBN’s Newly Appointed Directors and Their Departments The newly appointed directors and their respective departments […]
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Introduction The Centre for the Promotion of Private Enterprise (CPPE) has expressed support for the Central Bank of Nigeria’s (CBN) recent decision to pause interest rate hikes. Dr. Muda Yusuf, Chief Executive Officer of CPPE, described this move as a step in the right direction and aligned with economic expectations. CPPE’s Call for Future Rate […]
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Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
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Discover how the Naira’s continuous devaluation threatens Nigeria’s 2025 fiscal plan, with inflation, exchange rate fluctuations, and budgetary constraints creating significant challenges. Naira Depreciation Threatens Nigeria’s 2025 Fiscal Targets The sharp decline in the value of the Naira is setting up a challenging fiscal year for 2025, posing a significant threat to the Federal Government’s […]
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Foreign Portfolio Investments (FPIs) into the Nigerian stock market saw a remarkable surge of 180.95% between January and October 2024, reaching N344.30 billion compared to N122.55 billion in the same period in 2023. Key Drivers of the FPI Growth Investment analysts attribute this significant growth to the Central Bank of Nigeria’s (CBN) monetary policies, which […]
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The Nigerian Naira has experienced a significant drop in the parallel market, depreciating to N1,668 per dollar, compared to N1,600 per dollar the previous day. This marks a noticeable decline in the currency’s value within the informal trading segment. Conversely, in the official foreign exchange market, the Naira showed signs of recovery, appreciating to N1,534.6 […]
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The value of the Nigerian naira has surged by nearly ₦100—an over 5% appreciation—within a single week following the Central Bank of Nigeria’s (CBN) implementation of the Electronic Foreign Exchange Market System (EFEMS). This strategic move aims to curb speculative trading and address price distortions in the forex market, introducing a unified and transparent trading […]
