MPC

Nigeria Tops $52 Billion in Foreign Reserves as Oil Revenues, Capital Inflows Strengthen Economy

• Nigeria's external reserves have exceeded $52 billion, reaching their highest level in more than 17 years and surpassing the Central Bank of Nigeria's 2026 target. • Analysts attribute the milestone to higher crude oil revenues, stronger export performance and...

CPPE Urges CBN To Hold Rates Steady As MPC Meeting Nears

May 18, (THEWILL) — The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to refrain from further interest rate hikes, warning that additional monetary tightening could slow economic recovery and deepen...

CBN MPC Member Warns Election Spending Could Threaten Nigeria’s Inflation Gains

May 13, (THEWILL) — A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Professor Murtala Sabo Sagagi, has warned that uncontrolled fiscal spending, especially during politically sensitive periods, could undermine the country’s ongoing fight against inflation. Sagagi...
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‘Ramaphosa Had No Role’ – South Africa Accuses Fani-Kayode of Wrongly Linking President to Broadcast Blackout

South African Presidential Spokesperson, Vincent Magwenya, said Ramaphosa had no involvement in the broadcast disruption, insisting that the incident was an operational matter and not a deliberate attempt to silence Nigeria.
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