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Deposits held by Nigerian banks at the Central Bank of Nigeria (CBN) have climbed to a record N128.9 trillion as of March 2026. This surge signifies substantial excess liquidity within the financial system and a preference among banks for low-risk investment options.
South Korean President Lee Jae Myung has appointed Shin Hyun-song, a senior economist from the Bank for International Settlements, as the new governor of the Bank of Korea. Shin's appointment comes amid rising inflation concerns and a complex economic landscape.
Economist Kayode Omosebi highlights that Nigeria's macroeconomic conditions have shifted from a history of fragility to a state of managed stability. This change is attributed to enhanced foreign exchange inflows, better trade balances, and monetary policy reforms.
Ghana's inflation rate has sharply decreased to 3.3% as of February 2026, attributed to tighter monetary policies and improved exchange rate stability. This turnaround comes after a period of economic challenges that peaked with inflation rates at 54% in 2022.
The recent inflation rate, released by Nigeria's National Bureau of Statistics, adds pressure on the Central Bank of Nigeria ahead of its upcoming Monetary Policy Committee meeting. With the real interest rate nearing 12 percent, significant decisions are expected that could impact the economic landscape.
Lesetja Kganyago, the Governor of the South African Reserve Bank, has affirmed that the inflation outlook is steady. He indicates that future monetary policy decisions will depend on forthcoming data and inflation forecasts.
