Nigeria
Nigeria opens up official dollar market to bureaux de change
Move aims to strengthen retail FX liquidity and close spreads with exchange rate in informal economy
Nigeria holds rates at 27% despite easing inflation
Governor says exit from FATF grey list and outlook upgrade will boost capital inflows
Nigeria and Waemu brace themselves for T+2
Former head of West Africa Monetary Institute believes change will boost cross-border payments
FATF delisting of African nations a transactional move, says analyst
Organisation rejects suggestion that political factors were behind countries being taken off ‘grey list’
Nigeria lowers rates after three-year hiking cycle
Central bank says disinflation gives it room for cuts to support economic recovery
Consolidation likely among Nigerian lenders – analyst
Small lenders unlikely to meet CBN’s recapitalisation demands, says investment bank’s research head
IMF praises Nigeria’s FX reforms
Fund’s article IV review also calls on central bank to introduce disinflation path
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
Nigeria keeps policy rate at 27.5%
Bank makes second consecutive hold as inflation declines, and cites alarm over trade policy uncertainty
Nigeria sells FX to offset tariff-induced volatility
Oil-exporting country also affected by decline in commodity prices
Nigerian central bank to cap fees for ATM withdrawals
Move meant to curb rising costs of withdrawals
Japan and Philippines renew swap agreement
China also renews 15 billion yuan currency swap line with Nigeria
Nigeria tightens policy further as inflation continues to rise
Central bank raises rates by 25bp as annual headline inflation exceeds 33%
Sustainable development: central banks taking the lead
For those still sceptical about the financial sector’s commitment to progress on sustainable development goals and to taking all possible steps to tackle climate change, 2024 has shown that central banks, financial sector regulators and supervisors are…
IFC to boost local currency financing in Nigeria
Central bank signs agreement intended to unlock more than $1 billion of funding in coming years
Nigeria raises key interest rate to historical high
Rate now stands at 27.25%, despite slight drop in headline inflation last month
Nigeria raises rates as inflation continues to rise
Central bank plans to maintain tight policy as food prices prove particularly challenging
Nigerian central bank raises rates for third consecutive time
MPC says tight policy is starting to work but calls for more action on food security
Nigerian president orders central bank to suspend levy
“Cyber security levy” would have charged 0.5% of most electronic transactions
Nigerian governor declares fixed exchange rates are over
Cardoso says central bank plans to move to an inflation-targeting regime
Nigerian prosecutors bring new charges against Emefiele
Authorities allege that ex-governor illegally allocated $2.1 billion in FX