Tuesday 20 October

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  1. Spot gold fell about 3.5% on Monday to its lowest level since 5 August, Reuters reported, before edging up in Asia on Tuesday.
  2. The US 10-year Treasury yield hit about 5.24% on Monday, its highest since 2007, and rose to about 5.34% on Thursday, its highest since 2002.
  3. Higher US rates and a firm dollar can draw investors away from Nigeria, just as the CBN has cut its own rate to 23%.
Gist Reel

Money · 5 min read

Gold slumps 3.5% as US rate-hike fears grow: what it means for your money

A Monday sell-off pushed US bond yields to a 19-year high and gold to a seven-week low. With the Fed hiking and the CBN cutting, here is why Nigerian savers and spenders should pay attention.

Updated 18:03 WAT, 1 Oct 2026: The US 10-year Treasury yield climbed to about 5.34% on Thursday, its highest since 2002, while gold edged higher after softer US inflation data. Updated 18:22 WAT, 30 Sep 2026: US inflation figures published on Wednesday came in below forecasts, cutting the odds of another Federal Reserve rate hike in October. The gold price…

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  1. The MPR is the CBN's main signal for the cost of money across the economy
  2. Analysts expect Treasury bill and other fixed-income yields to ease
  3. Loan rates may be slow to fall; manufacturers say they are still near 30%
Gist Reel

Money · 3 min read

The CBN rate cut and your money: what changes for loans and savings

The policy rate is now 23%. Here is what that could mean for your bank loan, fixed deposit, Treasury bills and investments in the months ahead.

When the Central Bank of Nigeria cut its Monetary Policy Rate (MPR) from 26.5% to 23% on 22 September, it made the headlines. But what does a central bank rate have to do with the money in your pocket? Here is a plain guide. What the MPR actually is The MPR is the CBN’s benchmark rate. Around it sits a…

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