Trending Naija Newsnaira stability Archives

Essence of CBN’s Decision on Naira Stability and Inflation

February 28, 2025 by Ferdinand Miracle

The Central Bank of Nigeria (CBN) and its Monetary Policy Committee (MPC) have made strategic decisions to stabilize the naira and curb inflation, marking a pivotal shift in Nigeria’s macroeconomic management. At the 299th MPC meeting on February 19 and 20, 2025, the Committee opted to hold the Monetary Policy Rate (MPR) at 27.5%, demonstrating … Read more

FX Reserves in Nigeria Rise by $591.78m, Following Eurobond Auction Success

January 7, 2025 by Joshua Ezim

Nigeria’s foreign exchange (FX) reserves have surged by $591.78 million. This significant rise follows the country’s successful Eurobond auction just one month ago. The increase brings much-needed stability to Nigeria’s economy, which has faced several challenges, including oil price fluctuations and global uncertainties. The surge in reserves stems from the funds raised in the Eurobond … Read more

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