ABUJA (Reuters) -Nigeria's central bank cut its key lending rate for the first time since 2020 on Tuesday, lowering it by 50 basis points as inflation is falling from very high levels. The move takes ...

Nigeria's banking recapitalisation exercise may have ended with the emergence of 33 stronger and better-capitalised banks, but members ...

Members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), have warned that election-related fiscal spending ahead of the 2027 general elections poses one of the biggest ...

The Central Bank of Nigeria (CBN) has been urged to take additional measures to reduce lending rates for households and businesses.

The introduction of Nigerian Overnight Financing Rate by the Central Bank of Nigeria is an innovation to enhance transmission of the monetary policy. TYAVZUA SANYOL examines how NOFR deepens the ...

The significant drop in Nigeria’s inflation rate from 34.8 per cent in December 2024 to 15.15 per cent in December last year was largely driven by the monetary policy decisions and structural reforms ...

The award, presented by Central Banking, highlights central banks that have demonstrated excellence in policy direction, financial stability, and institutional reforms. In its citation, the organisers ...

The Emir of Kano, Muhammadu Sanusi II, has revealed that former Presidents Umaru Musa Yar'Adua and Goodluck Jonathan never pressured him to take any monetary policy decisions during his tenure as ...

ABUJA, Dec 30 (Reuters) - Nigeria's central ‌bank forecasts 4.49% economic growth and ‌inflation easing to an average 12.94% in 2026, citing stable forex markets and rising oil output as reforms take ...

Reem Heakal is a writer who became an Investopedia contributor in 2003. Her writing covers a wide array of large-scale financial topics. Michael Boyle is an experienced financial professional with ...

Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking requires adaptation to current demands and a framework that fosters agility ...