Banking FinanceOPS forecasts higher inflation, massive job cuts in CBN’s interest rate hike to 24.5%EditorMarch 27, 2024 by EditorMarch 27, 20240286 The hike in Nigeria’s Monetary Policy Rate, also known as interest rate, from 22.75 per cent to 24.75 per cent by the Central Bank of
Banking FinanceCash crunch persists despite CBN’s assurance that N3.4trn is in circulationEditorDecember 14, 2023 by EditorDecember 14, 20230346 The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases of cash scarcity in some
Industry & CommerceEconomy loses N20tn on CBN’s 70% cash mop-up – ReportEditorMarch 13, 2023 by EditorMarch 13, 20230227 Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government