PRICE STABILITY, DEVELOPMENT AND THE ROLE OF THE CBN

THISDAYLIVE | 04-09-2026 12:24am |

An opinion piece argues that price and financial stability remain the primary obligations of the Central Bank of Nigeria (CBN). The article reflects on Nigeria's recent macroeconomic adjustments, including the removal of petrol subsidies, foreign exchange market liberalization, and sustained monetary tightening. It notes that headline inflation has declined from a peak above 34 percent in 2024 to 15.43 percent in July 2026, indicating that the adjustment is yielding results. The piece emphasizes the role of the CBN in maintaining stability amid these economic changes.

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