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CBN Raises Interest Rate To 26.25 %

Boom RadioNG | May 21, 2024

The Central Bank of Nigeria (CBN) has today raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. After the 2-day meeting of the bank’s Monetary Policy Committee (MPC), they agreed to increase the Monetary Policy Rate(MPR) for the third consecutive time to […]

Association of Bureau De Change Operators of Nigeria (ABCON), President Aminu Gwadabe

Naira Soars as BDCs Return to Forex Market, ABCON Lauds CBN

Boom RadioNG | April 2, 2024

The Association of Bureaux De Change Operators (ABCON) credits the Central Bank of Nigeria’s (CBN) decision to reintegrate BDCs into the forex market for the recent surge in the Naira’s value. ABCON President, Dr. Aminu Gwadabe, highlights several positive impacts: Naira appreciation by N660 (from N1,915/$ to N1,255/$) Reduced prices […]



Boom RadioNG | February 27, 2024

The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has today announced the raising of the Monetary Policy Rate(MPR) by four hundred basis points from 18.75 percent to 22.75 percent. This was made known by the CBN governor, Yemi Cardoso after the first MPC meeting for the year in […]


“CBN Governor Yemi Cardoso’s Update to Nigerian Senate Committees: A Forecast of Declining Inflation and a Call for Sustainable Forex Demand”

Boom RadioNG | February 9, 2024

On Friday, February 9, 2024, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), presented an economic update to the joint committees of the Nigerian Senate. He projected a decrease in inflationary pressures to 21.4% in the medium term, attributing this to improved agricultural productivity and the […]

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