CBN working on true price discovery of undervalued naira,Cardoso assures

Business a.m Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN) has  acknowledged that the naira is currently undervalued,assuring that the bank will prioritise real price discovery in the foreign exchange market in 2024, with the goal of establishing a more accurate and fair exchange rate for the Nigerian currency .  Cardosos stated […]

Nigerian money supply drops to N71.33trn in November-CBN

Commercial banks’ loan to government hits N26trn,says CBN

Cynthia Ezekwe The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s total money supply declined  to N71.33 trillion in November 2023, a decrease of 1.83 per cent or N1.33 trillion from N72.66 trillion reported in October 2023. The term “money supply” or “M2” refers to the total amount of money available in the economy, […]