Monetary Policy
Relief ahead: CBN hints at lower lending rates as inflation cools
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has raised hopes for businesses and investors as he revealed that lending rates could fall in the coming months if the country’s inflationary pressures continue to ease. Cardoso made this assurance during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level […]
Edun, Cardoso to boost fiscal and monetary policy synergy
In a significant move aimed at consolidating Nigeria’s macroeconomic stability, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, have committed to deepening coordination between fiscal and monetary authorities. The announcement came after a strategic high-level meeting at […]
IMF Endorses Economic Reforms, Urges Comprehensive Budget Overhaul
The International Monetary Fund (IMF) has commended Nigeria’s recent wave of bold economic reforms—particularly those spearheaded by the Central Bank of Nigeria (CBN)—but has warned that a comprehensive overhaul of the 2025 budget is necessary to guard against growing fiscal vulnerabilities amid falling oil prices and persistent revenue challenges. In its just-released Article IV Consultation […]
Naira Stability and Inflation: The CBN Monetary Policy Explained
The Central Bank of Nigeria (CBN) has taken a decisive step towards stabilizing the naira and curbing inflation, marking a significant shift in the country’s macroeconomic landscape. At the 299th Monetary Policy Committee (MPC) meeting, the CBN opted to maintain the Monetary Policy Rate (MPR) at 27.5%, a move that underscores its commitment to balancing […]