Search

Nigerian Central Bank Signals Potential Slowdown in Rate Hikes

Allen dreyfus Logo
© Allen Dreyfus
  • CBN hints at easing monetary rate hikes pending economic developments
  • Analysts predict continued tight monetary policy in the near term

 

The Central Bank of Nigeria (CBN) has indicated it may soon be able to slow down the hike of its monetary policy rate, a move that has defined its stance in the first half of the year. However, this process will depend on developments in the economy, the bank explained.

Recent Business

Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
How Africa became the world’s mobile money powerhouse with $1.4 trillion transactions
Read More »
Frehiwot Tamru, CEO of Ethio telecom, and Gaetano Fasciana, Chief Technology Officer of Ascot Energy, during a strategic meeting in Addis Ababa. Photo @ Ethio Telecom.
Ethiopia turns to hybrid energy to power telecom expansion amid digital surge
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights