Tag: #FinancialStability
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CBN CUTS MONETARY POLICY RATE TO 26.5% TO BOOST ECONOMY
Nigeria’s central bank trims key interest rate by 50 basis points, signaling a push to support growth while keeping liquidity stable. The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27% to 26.5%, CBN Governor Yemi Cardoso announced after the 304th Monetary Policy Committee (MPC) meeting in Abuja. The committee…
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NAIRA SHINES BRIGHTER, GAINING N15 AS IT CLOSES STRONGER AT 1,421.73 TO DOLLAR
The Naira extended its winning streak on Friday, ending the trading week stronger at N1,421.73 per dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marks a 1.07% or N15.23 appreciation from N1,436.97 recorded earlier in the week, continuing a steady upward trend that began Monday.…
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NIIRA 2025 TO TRANSFORM NIGERIAN INSURANCE, SAYS NSIA CEO
New Insurance Reform Act set to boost trust, efficiency, and investment in Nigeria’s insurance sector. Moruf Apampa, CEO of NSIA Insurance, hails the Nigerian Insurance Industry Reform Act (NIIRA 2025) as a game-changer that strengthens consumer protection with a Policyholder Protection Fund and enforces timely claims settlement. The law aims to attract investments and drive…
