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CBN plans N1.641 trillion worth of Treasury Bills offer in Q2-2024

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FRI, MAR 01 2024-theGBJournal|The Central Bank of Nigeria (CBN) on Friday revealed plans to offer N1.641 trillion worth of Treasury Bills in the second...

CBN| Confronting inflation and other challenges

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...CBN Governor, Cardoso and his team has launched an aggressive fight against inflation just like Paul Volcker, a former US Fed Chairman (1979-1987) did. ...Will...

CPPE says CBN’s jumbo interest rate hike failed to reckon with...

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...The response of the Centre for the Promotion of Private Enterprise (CPPE) to yesterday's 400bps increase in Monetary Policy Rate (MPR) to 22.5% by...

CBN’s Monetary Policy Committee delivers record interest rate hike

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...All other parameters were raised except for liquidity rate which it retained at 30.0%. ...The asymmetric corridor is hiked +100bps/-700bps (Previously: +100bps/-300bps) while the CRR...

CBN approves sale of forex to Bureau De Change at N1,301/$

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...The CBN says all BDCs are allowed to sell to end-users at a margin ''not more than one percent (1%) above the purchase rate...

CBN’s Monetary Policy Committee to meet on Monday, the first since...

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...The last time the meeting held was in July 2023, under the then Acting CBN Governor, Folashodun Shonubi. FRI, FEB 23 2024-theGBJournal| The Monetary Policy...

Nigerian Senate considers President Tinubu’s appointees to the Board of the...

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TUE, FEB 13 2024-theGBJournal|The Nigerian Senate Tuesday began confirmation and approval process for the five individuals named into the Board of the Central Bank...

Credit to the private sector sees sustained growth

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SAT, FEB 03 2024-theGBJournal| According to the Central Bank of Nigeria (CBN), credit to the private sector (CPS) increased by 49.8% y/y to N62.52...

Treasury Bills| Tight liquidity triggers sell-offs across the curve as yield...

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...The overnight (OVN) rate expanded by 237bps w/w to 21.2% in the Money Market SAT, FEB 03 2024-theGBJournal| Sentiments in the NTB secondary market remained...

Analysis| New CBN reporting requirements on bank’s fx exposures- the bottomline

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...This regulatory initiative underscores the CBN's proactive approach to addressing mounting concerns related to excessive foreign currency speculation ...In the coming days, it is crucial...