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YEMI CARDOSO
The Minister of Finance, Wale Edun, has said Nigeria’s revenue to debt service ratio has declined from 97% in 2023 to 68% in 2024, indicating a reduction in the debt burden of the government.
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, July 25, 2024.
Nigerians spent $38.17 million on foreign education expenses between January and March 2024.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that capital importation has risen to $5.92 billion between January and June 2024.
Nigeria’s external reserves have increased yet again, reaching $37.05 billion as of July 18, 2024.
Mr. Yemi Cardoso has stated that dormant accounts in Nigeria are more susceptible to fraudsters in Nigeria and the reason for the Central Bank of Nigeria (CBN) latest policy is for safe keeping of the funds in dormant accounts.
The Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the country’s external reserve has increased to $36.89 billion as of July, 16 2024.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening measures and hinder the nation's growth potential.
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the country is currently shouldering the excesses of N27 trillion ways and means as well as N10 trillion intervention programmes which has led to the recent inflation.
In May 2024, government in Nigeria secured N8.4 trillion in bank loans, amounting to 86% of the total domestic credit, a sixfold increase over the private sector's N1.4 trillion.
Debt instruments dominate capital importation into Nigeria in the first quarter of 2024, making up 94% of inflows.