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Tag Archives: Central Bank of Nigeria

Naira gains massively against Dollar

THE Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone. This marks a 0.28 per cent appreciation …

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CBN Retains Interest Rate at 27.5%

THE Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 per cent. CBN Governor Olayemi Cardoso announced this in Abuja on Tuesday, May 20, 2025, following the Monetary Policy Committee (MPC) meeting. Cardoso said all 12 MPC members voted unanimously to retain the policy. The …

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