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OLAYEMI CARDOSO
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing improved stability in the unofficial market.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates to address the persistent inflation issues plaguing the Nigerian economy.
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery from previous decline recorded in March. This growth comes in the face of the Monetary Policy Committee’s (MPC) stringent measures aimed at controlling inflation.
Nigeria's credit to the private sector has seen a sharp decline of approximately N9.65 trillion from February to March 2024.
This decline underlines the Central Bank of Nigeria's (CBN) contractionary fiscal stance aimed at curbing inflation and stabilizing the economy.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in Nigeria.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has addressed concerns over the declining external...
Naira appreciated for the 4th consecutive week to settle at N1,245 per against the dollar amid amplified confidence in the naira.
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an...
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that the recall of Bureau De Change operators (BDCs) into the mainstream forex market is a major factor in the current stability being experienced with the exchange rate.
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite actions on the increase of their capital base in order to strengthen the financial system against potential risk.
The Central Bank of Nigeria has indicated that the 2.15 million bags of fertilizers donated to the Ministry of Agriculture and Food Security were from the stockpile of a program initiated by the previous administration, not a new intervention effort.