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CBN MONETARY POLICY COMMITTEE MEETING

Currencies

Exchange rate slumps to N1,586/$1 in official market—first decline since MPC meeting

The naira weakened to N1,586/$1 in the official market on Thursday, marking the first depreciation since the Central Bank of Nigeria’s (CBN) 300th Monetary Policy Committee (MPC) meeting held earlier in the week.

Olalekan Adigun · May 23, 2025 3 min

Opinions

CBN’s latest MPR stance is necessary—but this is why it risks overcorrection – Dr. Ejime Herbert Aniemeke

At its 300th Monetary Policy Committee (MPC) meeting held on May 20, 2025, the Central Bank of Nigeria (CBN) retained its tight monetary policy stance to combat inflation and stabilize the naira.

Op-Ed Contributor · May 21, 2025 4 min