Topic
CBN
Nigeria Inflation Falls to 14.63%, Its Lowest Since 2025, but Living Costs Still Bite
Nigeria inflation eased to 14.63% in September, the lowest since 2025, yet food inflation stayed near 19.6% and households say prices are still too high.
DMO raises N968.47 billion as 364-day stop rate falls to 15.85% despite strong demand
The Debt Management Office allotted N968.47 billion at its latest Treasury bills auction, above the N900 billion on offer. Strong demand for the one-year bill pushed its stop rate down to 15.85% while shorter tenors stayed undersubscribed.
CBN slashes rate in record cut as benchmark catches up with market
Nigeria’s central bank surprised markets with a 350-basis-point rate cut to 23%, framing the move as a recalibration to restore policy transmission after the benchmark had drifted above actual money-market rates.
Naira Holds Near Two-Year High as Nigeria's FX Reserves Strengthen
The naira is holding near a two-year high, supported by record Nigerian FX reserves and rising remittance inflows
African Central Banks Hold the Line as Inflation Shapes Rate Decisions
Nigeria, South Africa and Kenya kept their benchmark interest rates unchanged as policymakers balanced inflation risks against economic growth. The decisions highlight the different pressures facing three of Africa's largest economies.
The Nigerian Naira at 1,590: Currency Depreciation, Inflation and What Investors Need to Know
The naira has depreciated substantially since the June 2023 liberalisation. At roughly 1,590 to the dollar, the trajectory matters for anyone doing business in or with Africa's largest economy.