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Foreign reserves decline as the naira declines in spite of FX changes

Foreign reserves decline as the naira declines in spite of FX changes
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United statesUnited kingdomFolashodun shonubiCharlie robertsonGodwin emefieleBola tinubuOlusegun obasanjoAdesua etomiSecurities exchangeCentral bankNigeria autonomous foreign exchange marketBureau de changePartners united kingdomInternational money transfer operatorPresident bola tinubuPresident tinubu

Raising lending rates may not tame inflation

THE decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent, has elicited mixed reactions. Although some welcome the move, many financial experts argue that it will compound the woes of the already impoverished citizens.

Abuja federal capital territoryOlayemi cardosoBola tinubuFolashodun shonubiMonetary policy committee of the central bankMonetary policy committeeCentral bankMonetary policy ratePresident bola tinubu

CBN raises interest rate to 22 75%

The CBN Governor, Olayemi Cardoso, disclosed this while reading the communiqué of the first MPC meeting of the year on Tuesday in Abuja.

Abuja federal capital territoryOlayemi cardosoFolashodun shonubiAhmed tinubuMonetary policy committee of the central bankMonetary policy committeeCentral bankBola ahmed tinubu

Private sector, economists foresee fresh job losses, recession

Members of the private sector and economists have faulted the MPC decision, saying it would lead to fresh job losses and possibly recession.

Nigeria generalAbuja federal capital territoryBola tinubuHill denhamTajudeen ibrahimSheriffdeen tellaOkechukwu unegbuOlayemi cardosoAyo teribaUche uwalekePaul alajeMuhammadu buhariFolashodun shonubiNigerian economic summit groupNigerian labour congressMonetary policy committee of the central bank

Analysts foresee interest rate hike as MPC holds meeting

The CBN's Monetary Policy Committee may raise the Monetary Policy Rate at the end of the meeting on Tuesday, according to financial analysts.

United statesGodwin emefieleFolashodun shonubiSheriffdeen tellaAdeola adenikinjuOlayemi cardosoEconomics at olabisi onabanjo universityNational assemblyNigerian economic societyMonetary policy committee of the central bankMeristem researchMonetary policy committeeNational bureau of statisticsCentral bankMonetary policy rateNational bureau