Nigeria’s currency ended the week on a stronger note after recording gains against the US dollar in both the official and parallel foreign exchange markets. The positive performance comes even as market analysts caution that increased demand for foreign currency, particularly from fuel importers, could place the naira under renewed pressure in the coming days. … Read more
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 per cent, reinforcing its cautious approach to inflation control and macroeconomic stability amid renewed economic pressures. The decision was reached during the 305th meeting of the Monetary Policy Committee (MPC), where policymakers opted to hold all major monetary parameters steady despite … Read more
The U.S. Federal Reserve has injected approximately $125 billion into the country’s banking system over the past five days — its largest short-term liquidity operation since the early stages of the COVID-19 pandemic in 2020. Data from the Fed’s overnight repurchase (repo) operations show that the central bank’s single biggest liquidity boost — about $29.4 … Read more
In a stunning escalation of tensions between the White House and the Federal Reserve, President Donald Trump announced the firing of Fed Governor Lisa Cook on Monday, August 25, 2025. The move, tied to allegations of mortgage fraud, represents the first attempt by a sitting U.S. president to remove a Federal Reserve governor, sending shockwaves … Read more