Tag: The Central Bank of Nigeria

Economy

CBN sells N1.64 trillion in treasury bills

The Central Bank of Nigeria successfully conducted an auction of Nigerian Treasury Bills on March 27, 2024, which saw a substantial amount of N1.64 trillion being sold, as shown in the auction resulta report. Investors were attracted to the higher stop rates offered as they were convinced of the country’s economic instruments, according to nairametrics. […]

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CBN increases interest rate to 24.75%

The Central Bank of Nigeria has increased the monetary policy rate by 200 basis points, to a new unprecedented 24.75% at the end of its 294th meeting of the Monetary Policy Committee. This is a lower hike compared to the 400 basis points at 22.75% in the previous month. The decision announced by the Central […]