Naira ends week strongly, Settles at N1,600/$ in official market
The naira showed mild strength against the haven currency in the last trading session of the week in the official ...
Tag: Olayemi Cardoso
Nigeria is considering U.S. Diaspora Bond as CBN targets $1B monthly remittance
Nigeria is contemplating the issuance of a diaspora bond in the United States next year, aiming to secure monthly remittance ...
FG appoints Edun, Cardoso, and 8 others to enforce supreme court judgement on LGA autonomy
The federal government has appointed a 10-man inter-ministerial committee comprising of the Minister of Finance, Wale Edun, Governor of the ...
Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25% ...
Nigeria’s money supply nears N100 trillion in May 2024, despite MPC’s tightening efforts
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.
Naira hits June low amid stronger dollar
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing ...
“Why I support higher interest rates in Nigeria” – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates ...
Nigeria’s money supply rebounds to historic N96.97 trillion in April 2024, defying MPC’s tightening measures
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery ...
Credit to private sector crashes by N9.65 trillion in one month
Nigeria's credit to the private sector has seen a sharp decline of approximately N9.65 trillion from February to March 2024. ...
Government palliative purchases driving food inflation in Nigeria – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a ...
