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, ...
Tag: Yemi Cardoso
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 ...
FX Liquidity: Nigeria recorded “total inflow” of $24 billion in first quarter of 2024 – Cardoso
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that the country recorded a total foreign ...
Despite trillions in intervention funds, agriculture sector GDP is shrinking
The performance of the agricultural sector in the first quarter of the year reflects the current situation with food security ...
Unlike Emefiele, Heritage Bank closure shows Cardoso’s CBN is willing to let banks fail
In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank's operating license, effectively closing ...
Top 10 banks with lowest lending rates for real estate businesses in Nigeria
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis ...
Foreign portfolio outflows surge by 237% in Q1 2024 amid CBN reforms
Foreign portfolio investment (FPI) outflows surged by 237% in the first quarter (Q1) of 2024 compared to the same period ...
Forex supply jumps 66% as CBN hikes interest rates
Naira appreciated slightly on the official market, despite a substantial 66% increase in foreign exchange (FX) supply and a new ...
