CBN says new IMTO licences push Nigeria’s remittance inflows to $585 million in August 2024
The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International Money Transfer Operators (IMTOs) ...
Tag: Yemi Cardoso
Nigeria’s external reserves hit $39.07 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024.
CBN confirms FAAC allocations impacting exchange rate stability
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account ...
CBN raises interest rate by 50 basis points to 27.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points ...
Cardoso: Moving the CBN in the right direction
In the peculiar context of Nigerian public space, there are three categories of critics. The first is that of people ...
Naira loses over half of its value in Cardoso’s one year in office
The Naira has lost over half of its value in one year since Yemi Cardoso assumed office as the Governor ...
Top 10 banks with lowest lending rates for Nigerian manufacturers
The Central Bank of Nigeria (CBN), under Yemi Cardoso, has increased the monetary policy rate (MPR) four times to combat ...
Nigerians believe higher interest rates is bad for the economy – CBN survey
A small but notable portion of Nigerians believes that increasing interest rates would be the key to improving the country’s ...
Remittance inflows surge by 130% to $553 Million in July 2024 – CBN
The Central Bank of Nigeria (CBN) has reported a 130% surge in remittance inflows, with the figure reaching $553 million ...
Foreign investors wary of implementing $30 billion investment pledges over FX market instability – PEVCA
The Private Equity and Venture Capital Association of Nigeria (PEVCA) has stated that foreign investors are apprehensive about implementing the ...
