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Hope Moses-Ashike

Lagos, Nigeria

Senior Correspondent at BusinessDay Nigeria

work at @BusinessDayng

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Articles

  • Naira gains further after CBN launch of non-resident BVN

    1 day ago | businessday.ng | Hope Moses-Ashike

    The naira on Wednesday appreciated further at the official foreign exchange (FX) market, a day after the Central Bank of Nigeria (CBN) launched the Non-Resident Diaspora Bank Verification Number (NRBVN). After trading yesterday, the naira gained N3.33 as the dollar was quoted at N1,596.70, marking a gain of 0.2 percent compared to N1,600.03 quoted on Tuesday at the Nigerian Foreign Exchange Market (NFEM), data from the CBN showed.

  • Naira stability seen sustained on non-resident BVN launch

    2 days ago | businessday.ng | Hope Moses-Ashike

    The naira, which has shown some degree of stability over the past few months, is expected to maintain its current trajectory following the launch of the Non-Resident Diaspora Bank Verification Number (NRBVN) by the Central Bank of Nigeria (CBN). Since the introduction of the Electronic Foreign Exchange Matching System (EFEMS) on December 2, 2024, the naira has witnessed relative improvement in value.

  • Inflation seen stable as MPC meets Monday  - Businessday NG

    2 days ago | businessday.ng | Hope Moses-Ashike

    As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) prepares to convene on Monday, results from the CBN’s latest Inflation Expectations Survey suggest that a significant portion of Nigerians anticipate inflation to remain stable in the short term, although opinions remain mixed across sectors and timeframes. The CBN on Tuesday issued a notice of the 300th meeting of The MPC scheduled to hold on May 19 and 20, 2025, in Abuja.

  • FX reserves rise as CBN activates multiple channels to bolster inflows

    3 days ago | businessday.ng | Hope Moses-Ashike

    The gross FX reserves increased for the second consecutive week, growing by $86.67 million $38.10 billion following strong measures instituted by the Central Bank of Nigeria (CBN) to attract more inflows to the economy. tronger FX reserves are expected to bolster the CBN’s capacity to manage excess naira volatility through sustained market interventions and achieve long-term stability of the exchange rate.

  • End of ways & means reveals true government financing cost – World Bank - Businessday NG

    3 days ago | businessday.ng | Hope Moses-Ashike

    The World Bank has said that the discontinuation of the Central Bank of Nigeria’s Ways and Means (W&M) advances, combined with ongoing monetary policy tightening, has exposed the actual, higher cost of Government borrowing in Nigeria. This was disclosed in the World Bank’s latest Nigeria Development Update report entitled “Building Momentum for Inclusive Growth”, released on Monday.

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Hope Moses-Ashike
Hope Moses-Ashike @nkemose
24 Apr 24

RT @BusinessDayNg: Nigeria secures $2.25bn loan from World Bank at 1% interest rate #economy #worldbank #interestrate #nigeria #businessda…

Hope Moses-Ashike
Hope Moses-Ashike @nkemose
9 Apr 24

RT @BusinessDayNg: Edo deputy governor, Philip Shaibu, impeached https://t.co/gGYp5NzR45

Hope Moses-Ashike
Hope Moses-Ashike @nkemose
9 Apr 24

RT @BusinessDayNg: Front Page Today: Cardoso needs help as monetary policy nears wits’ end Rising costs push manufacturing exports down 6…