By Kingsley Ani Gold retreated recently after reaching a seven-week high, as investors took profits and awaited United States inflation data that could influence expectations …
Tag:
Interest Rates
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Economy
CBN Holds Interest Rate At 26.5% Amid Inflation, Naira Stability Concerns
by StakeBridge6 minutes readNigeria’s monetary stabilisation strategy is increasingly evolving from emergency inflation control into a broader credibility-restoration framework aimed at defending investor confidence, stabilising the naira and …
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By Kingsley Ani The Chief Executive Officer (CEO) of Zenith Bank Plc, Dame Adaora Umeoji, oversaw a period in which the bank’s market capitalisation recently rose …
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Economy
CBN Launches Overnight Benchmark Rate To Boost Market Transparency
by StakeBridge3 minutes readBy Kingsley Ani The Central Bank of Nigeria (CBN) introduced the Nigerian Overnight Financing Rate (NOFR) as a standardised benchmark for short-term funding costs, designed …
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