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 ...
Tag: Yemi Cardoso
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 ...
10 things you need to know about the proposed Providus-Unity Bank merger
On August 6, 2024, the Central Bank of Nigeria approved the merger of Unity Bank and Providus Bank.
Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net ...
CBN to create new office to manage dormant account funds
The Central Bank of Nigeria (CBN) has disclosed that it will create a dedicated office to manage dormant accounts and ...
FG’s revenue to debt service ratio dropped from 97% to 68% in 2024 – Wale Edun
The Minister of Finance, Wale Edun, has said Nigeria’s revenue to debt service ratio has declined from 97% in 2023 ...
Nigeria’s exchange rate closes at N1,603.80/$1 as naira hits worst level in four months
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, ...
Nigeria’s forex utilization for foreign education falls by 83% in Q1 2024
Nigerians spent $38.17 million on foreign education expenses between January and March 2024.
Nigeria’s capital importation hits $5.92 billion in six months – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that capital importation has risen to $5.92 ...
