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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...

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...

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...

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...

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....

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