Nigeria’s external reserve now $37 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $37.05 billion as of July 18, 2024.
Tag: Yemi Cardoso
Dormant accounts are more susceptible to fraud, CBN wants to safekeep the funds- Cardoso
Mr. Yemi Cardoso has stated that dormant accounts in Nigeria are more susceptible to fraudsters in Nigeria and the reason ...
CBN raises interest rate by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to ...
Nigeria’s external reserve has risen to $36.89 billion- Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the country’s external reserve has ...
CBN to continue with higher interest rates if inflation does not come down – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening ...
MPR Hike: Nigeria reaping consequences of N27 trillion Ways & Means, N10.5 trillion interventions — Cardoso
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the country is currently shouldering the excesses ...
Credit to government rises by N8.4 trillion in May 2024, dwarfs private sector credit growth
In May 2024, government in Nigeria secured N8.4 trillion in bank loans, amounting to 86% of the total domestic credit, ...
Foreign currency loans make up 94% of Nigeria’s capital importation in Q1 2024
Debt instruments dominate capital importation into Nigeria in the first quarter of 2024, making up 94% of inflows.
Cardoso: Rising volume of non-bank transactions threatens financial stability in West Africa
The Central Bank of Nigeria (CBN) governor, Yemi Cardoso, has raised concerns about the growing transaction volumes of Non-Bank Financial ...
FX Crisis: Nigeria has already seen the worst of naira volatility, says Cardoso
The Governor of the Central Bank, Yemi Cardoso, stated that the country has already experienced the worst of naira volatility ...
