CPPE forecasts slight inflation moderation in 2025 due to Naira rebound and lower volatility. Rising global oil prices under Trump could ease inflation. High energy costs, insecurity, and global factors may keep inflation elevated. The Centre for the Promotion of Private Enterprise (CPPE) has predicted that Nigeria’s inflation may ease slightly in 2025. In a … Read more
CBN Governor Olayemi Cardoso suggests maintaining high interest rates to tackle inflation. Nigeria’s inflation rate stands at 33.2%, with food inflation even higher at 40%. Cardoso emphasizes the Monetary Policy Committee’s commitment to curbing inflation. EKO HOT BLOG reports that the Central Bank of Nigeria Governor, Olayemi Cardoso, has suggested that the institution will maintain high … Read more
Recent Bloomberg report identifies Nigeria’s naira as worst-performing currency Naira hits record low against dollar, attributed to severe shortage of US dollars in local market. Volatility in currency expected to intensify pressure on CBN for rate hike. EKO HOT BLOG reports that a recent Bloomberg report highlights Nigeria’s currency, the naira, as the world’s worst-performing currency … Read more
The CBN has announced an increase in its interest rates policy to 18.5 percent. This move comes after a 50 basis points increase in the benchmark interest rate to 18 percent in March. Emefiele emphasized the need for collaboration with the fiscal authority to address the underlying drivers of inflation and the continuous monitoring of … Read more
The CBN has stated that the naira redesign policy was to support stability in the exchange rate and fight crime. The CBN reassured Nigerians of the robustness of the payment system infrastructure to handle the growing usage of online banking facilities. The CBN’s interest rate increase has drawn criticism, as it may negatively impact the … Read more
National leader of the All Progressives Congress, Bola Tinubu, has waded into the interest rates policy of the Central Bank of Nigeria (CBN). Tinubu said the current financial system in Nigeria opposes growth as the interest rates affect domestic investment, the private sector, and job creation. Tinubu warned that to attract investment borrowing that will … Read more