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CATEGORY

Economics

Nigeria Working on Details of Dollar-denominated Local Bond – DMO

Nigeria is working on the details of  the proposed dollar-denominated domestic bonds, which is part of overall measures by the federal government to address...

Nigeria February Inflation Soars to 31.7% as Food Prices Spike

Nigeria’s inflation as measured by the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to...

CRR to 35%, Steep MPR Hike, What to Expect From Nigeria’s MPC

There is a meaningful chance the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will raise rates steeply today as the...

Nigeria’s Capital Importation Fell 26% in 2023 to $3.9 billion

Nigeria’s capital inflows fell 26% to $3.9 billion in 2023 from $5.3 billion the previous year, the National Bureau of Statistics said in a...

High Yields Lure Carry Traders Back to Africa’s Largest Economy With $1bn of Inflows

Global carry traders are being lured back to Nigeria by higher yields and new reforms of its foreign exchange (FX) markets by the Central...

Nigeria’s Red-Hot Stock Rally Faces Reality Check as Rate Hike Looms

It could be a case of ‘what goes up will eventually come down’, for Nigeria’s red-hot stock market as risk of higher bond yields...

Cardoso’s Stealth Tightening Pushes Bank Liquidity Under N100bn as Growth Suffers

Nigeria’s new Central Bank governor Olayemi Cardoso has pitched his tent with achieving price stability over accelerating growth in Africa’s largest economy with a...

Corporate Nigeria is Ignoring Cardoso and Bingeing on Debt With N8.25trn Exposure

Tyrion Lannister, one of the lead characters in G.RR. Martin's book series:  song of ice and fire, once said “Drinking And Lust, No Man...

Cardoso Faces Growth vs Inflation Dilemma With World’s Highest Reserve Requirement

New Central Bank of Nigeria (CBN) governor Olayemi Michael Cardoso is facing a major dilemma regarding the amount of cash that lenders are statutorily...

New Central Bank Governor Yemi Cardoso to Deepen Monetary, Fiscal Synergy

The nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), by President Bola Tinubu...

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