CBN monetary policy
MPC Holds Rate, Sparks Debate Over Inflation Risks
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking the third consecutive hold in 2025. The decision, announced by CBN Governor Olayemi Cardoso after the MPC’s 301st meeting in Abuja, has sparked mixed reactions among financial experts and business stakeholders. […]
Inflation Drops to 22.22% in June, Lowest Rate Recorded in 2025
Nigeria’s headline inflation rate eased to 22.22% in June 2025, marking the third consecutive month of decline and the lowest rate recorded so far this year, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The figure represents a 0.75 percentage point drop from May’s 22.97% and […]
FG, World Bank Clash Over N54.9tn Budget Funding
In a high-stakes clash of economic perspectives, the World Bank has raised red flags over the Federal Government’s record N54.99tn 2025 budget, warning of potential shortfalls that could derail Nigeria’s macroeconomic recovery if not managed prudently. The caution came during the release of the World Bank’s biannual Nigeria Development Update (NDU) report in Abuja, titled […]
W’Bank: Tight Monetary Policy to Cut Nigeria’s Inflation to 22.1%
The World Bank has projected that Nigeria’s inflation rate will decline to an average of 22.1 percent in 2025, driven largely by the Central Bank of Nigeria’s (CBN) aggressive monetary tightening aimed at stabilising prices and reinforcing market confidence. This forecast was contained in the latest edition of the Nigeria Development Update (NDU) report titled […]
Official Market: Naira Drops to N1,600 per US Dollar
The value of the naira has taken a significant hit in the official foreign exchange market, reaching a new low of N1,600 per dollar. This represents a decline of N31 in the naira’s value compared to the previous rate of N1,569. According to data from the Central Bank of Nigeria, the official exchange rate has […]