Tag
YEMI CARDOSO
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024.
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account Allocation Committee (FAAC) and liquidity in the banking system stating that it impacts the exchange rates.
The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points to 27.25%.
In the peculiar context of Nigerian public space, there are three categories of critics. The first is that of people who offer constructive engagements and are not bogged by pecuniary, regional, or primordial consideration.
The Naira has lost over half of its value in one year since Yemi Cardoso assumed office as the Governor of the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN), under Yemi Cardoso, has increased the monetary policy rate (MPR) four times to combat inflation and foster economic stability.
A small but notable portion of Nigerians believes that increasing interest rates would be the key to improving the country’s economy.
The Central Bank of Nigeria (CBN) has reported a 130% surge in remittance inflows, with the figure reaching $553 million in July 2024.
The Private Equity and Venture Capital Association of Nigeria (PEVCA) has stated that foreign investors are apprehensive about implementing the over $30 billion investment pledges in Nigeria over the instability in the country’s foreign exchange market.
On August 6, 2024, the Central Bank of Nigeria approved the merger of Unity Bank and Providus Bank.
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net foreign exchange flows rising to $25.4 billion between January and June, marking a 55% increase year-over-year.
The Central Bank of Nigeria (CBN) has disclosed that it will create a dedicated office to manage dormant accounts and unclaimed balances.