Tag: #MonetaryPolicy
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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 CLOSES WEEK BULLISH, GAINS N11.08 TO DOLLAR ON OFFICIAL MARKET
Steady recovery driven by CBN reforms signals renewed confidence in local currency. The Naira ended the week at N1,487.89 to the Dollar, appreciating by 0.7% from Thursday’s rate. After opening Monday bullish with a N4.03 gain, it saw slight dips midweek but maintained an overall upward trend. Analysts praise CBN’s measures and MPC forecasts for…
