CBN: Taming inflation with money market reforms
Efforts to curtail the upward trend in prices of goods and services driving up the nation’s inflation rate gathered steam with money market reforms recently introduced by the Central Bank of Nigeria, CBN. The reforms which were aimed at reducing the amount of idle cash in circulation and hence money supply, were designed to complement […]
Currency in circulation hits new high, nears N3trn mark
It appears that the Central Bank of Nigeria (CBN)’s policies and leadership changes has started yielding a significant role in shaping the country’s currency landscape as latest data reveal that the currency in circulation (CIC) reached a new high of N2.99 trillion at the end of October 2023. This represents an 8 per cent or […]