The Central Bank of Nigeria has said that Nigeria’s domestic prices are expected to remain high in the 2024/2025 fiscal year. The apex bank made this known in its Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for fiscal years 2024/2025. CBN’s revelation comes amid the two consecutive decreases in Nigeria’s inflation in July and…
Nigerian businesses and households anticipate an increase in inflation over the next one to six months, according to the Central Bank of Nigeria’s July Inflation Expectations Survey Report released on Tuesday. The survey indicates expected inflation indices of 37.4 for the upcoming month, -26.3 for the next two months, and -15.8 for the next six…
The Central Bank of Nigeria, CBN, is facing multiple court cases from staff who were recently relieved of their jobs under the reorganisation of the apex bank by the current administration of President Bola Tinubu. Over 100 suits have so far been filed by personnel recently sacked by the bank to challenge what they termed…
The Central Bank of Nigeria (CBN) is currently dealing with over 100 court cases filed by employees who were recently dismissed following a reorganization by President Bola Tinubu’s administration. The former staff are challenging their terminations, which they claim were unjust, and are demanding payment of their entitlements. The Central Bank of Nigeria laid off…
Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has described the N70,000 minimum wage approved by President Bola Tinubu as a good thing. Moghalu said the next step after the minimum wage increment should be the review of maximum wages and the lifestyle of the political class. Posting on X, Moghalu…
CBN has announced the date to hold its first MPC Meeting under Yemi Cardoso. CityNews reports that the Central Bank of Nigeria (CBN) will hold its first Monetary Policy Committee (MPC) meeting on February 26th and 27th. This is according to a tentative MPC meeting calendar for 2024 signed by the apex bank’s Director of…
