central bank
CBN Raises Interest Rate to 26.25% Amid Soaring Inflation Levels
In response to escalating inflation, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) for the third consecutive time, increasing it by 150 basis points from 24.75% to 26.25%.
This decision was made during … Continue Reading
Central Bank of Nigeria Sells Record N1.3 Trillion in Treasury Bills to Bolster Forex Reserves
In a bid to fortify Nigeria’s foreign exchange reserves and stabilize the Naira amidst mounting forex pressures, the Central Bank of Nigeria (CBN) has successfully auctioned a record N1.3 trillion in Treasury Bills, targeting overseas investors.
The sale of Treasury … Continue Reading
Audio Exposes CBN Governor, Others Trying to Cover Up Missing Billions from The Treasury
Audio recordings, obtained by Sahara Reporters, have emerged online, with voices alleged to be those of the CBN governor, Godwin Emifiele and his deputy, Edward Lametek Adamu and the Director for Finance Dayo M. Arowosegbe including one of the … Continue Reading