Nigeria holds interest rate steady

Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja.
Nigeria holds interest rate steady following inflation adjustments
Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. ・Nigeria's central bank maintains benchmark interest rate at 27.50%. ・Inflation rate reported at 24.
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November last year amid inflation drops. It also retained the Cash Reserve Ratio,

Netherlands to Return 119 Benin Bronzes to Nigeria

Nigeria sues Binance for $81.5B

Nigeria's central bank keeps main interest rate unchanged
Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision ...
businessday7h
Nigeria can’t afford another ‘lost decade’—Experts have a way out
Nigeria risks losing another decade to policy missteps and political interference if ongoing economic reforms are not ...
Is Nigeria in danger of a coup? What the country should do to avoid one – political analyst
The sociopolitical and economic conditions that led to coups in other countries in west Africa are present in Nigeria.
Vanguard5h
How e-commerce drives Nigeria’s economic growth
Despite projections that the Nigerian e-commerce industry will reach $33 billion (approximately N49.63 trillion) by 2026, the ...
businessday6h
cNGN: Nigeria’s First Regulated Stablecoin Explained
Nigeria has taken another bold step in digital finance with the introduction of cNGN, the country’s first regulated ...
Nairametrics7h
Nigeria’s $13 trillion future: How data and AI can pave way and power in the 21st Century economy transformation – Abel Aboh
Nigeria’s current administration is embarking on a transformative journey, aiming to propel the real GDP to $1 trillion by 2030.
decrypt1d
Nigeria Sues Crypto Exchange Binance for $81.5 Billion Following Hostage Crisis: Reuters
Nigerian officials are seeking billions of dollars in damages after Binance allegedly hurt their country’s economy and failed ...
Has Nigeria Turned a Corner? Investors Think So
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to ...
Premium Times8h
Nigeria, Saudi Arabia to collaborate on film production
This significant effort is part of a broader strategy by Saudi Arabia and Nigeria to strengthen bilateral cultural relations… ...