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CBN
Nigeria's public debt stock surged to N134.3 trillion ($91.3 billion) by the end of the second quarter of 2024.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso of FAAC disbursement resulting in significant pressures in the FX market.
The World Bank has listed a series of macroeconomic policy missteps executed by fiscal and monetary authorities between 2015 and 2023 that pushed Nigeria’s inflation to a 28-year high.
The Founder and Chief Executive Officer of Sparkle, a Nigerian digital bank, Mr. Dozie Uzoma, has said that Nigeria is poised to lead other African countries in open banking as preparations hit top gear for the take-off of the new banking system.
The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents an opportunity for the country to boost its exports to other nations.
The World Bank has stated that Nigeria's fiscal and monetary policy reforms executed between 2003 and 2007 are exactly what is needed today to create and sustain economic growth.
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction.
Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and economic hardship.
Nigeria's Department of State Services (DSS) has disclosed how several staff members of the Central Bank of Nigeria (CBN) allegedly aided in the theft of public funds through the federal government's Anchor Borrower Programme (ABP) established under former President Muhammadu Buhari.
In a show of strong support for GTCO and a move to debunk false allegations being levelled against the GTCO and its Executive Management by faceless and unqualified entities using the media
The CBN has established Memoranda of Understanding (MoUs) with countries hosting Nigerian banks’ subsidiaries to improve regulatory coordination and ensure safe and compliant banking operations both locally and internationally.
The Federal Government of Nigeria, through the Debt Management Office (DMO), has officially opened the window for subscriptions to the Federal Government of Nigeria (FGN) savings bonds for the month of October 2024.