The Central Bank of Nigeria's policy rate is stated to influence the exchange rate of the Nigerian naira.

The entities involved

• Nigeria →

  sovereign state in West Africa

  • Nigeria delivered a commitment statement in Brussels, involving Minister Ekperikpe Ekpo and President Bola Ahmed Tinubu.03:39
  • African Export-Import Bank provided $50 million in funding for a power project in Aba, Nigeria.03:37
• CBN →
  • CBN conducted outreach activities in the state of Himachal Pradesh.Wed 19:13
  • The Central Bank of Nigeria (CBN) cut the Monetary Policy Rate to 23% after concluding its MPC meeting in Abuja.Tue 05:56
• naira →

  currency of the Federal Republic of Nigeria

  • The policy failure of fuel subsidy removal and nominal increase due to exchange rate shifts in Nigeria.Sat 12:10
  • Nigeria seeks $5bn total return swap financing, pledging naira-denominated bonds as collateral amid Fitch warnings.Sat 11:21

Related events

• The Central Bank of Nigeria (CBN) managed a surge in foreign exchange utilization within the Nigerian economy.Aug 31
• Nigeria's government faces fiscal mismanagement as the World Bank assesses the country's economic trajectory.Aug 8
• Currency devaluation is impacting corporate revenue streams in Nigeria, while the Central Bank of Nigeria governs the official exchange rate.Sep 12
• The Central Bank of Nigeria (CBN) released a report detailing Nigeria's current economic performance.Sep 19
• The Central Bank of Nigeria rolled out a stronger supervisory framework in response to international compliance pressures.Sep 9