Foreign Education Allocation Crashes by 83% in 2024, Says CBN Data from the Central Bank of Nigeria’s first-quarter 2024 statistical bulletin, revealed that Nigerians spent $38.17m on foreign education between January and March 2024. The amount spent crashed by 83 per cent from $218.87m recorded in...

In Three Months, Forex Inflow Via IMTOs Hits $1.07bn   Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in the previous year. This was revealed in the...

Average FX Turnover Rises 180% to $240m in One Year – CBN Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent in one year to $240.64m as of the end of February. This is an...

Cardoso: Driving Investor Confidence Through FX Backlog By Abdulrahman Abdulraheem Governance is known all over the world to be a continuum. When people get into positions of authority, they are expected to inherit assets and liabilities from their predecessors. They are meant to build on...

Nigerians Facing Consequences of Excess N37.5tn Money Supply into Economy – Cardoso The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that Nigerians are facing the consequences of excess money supply into the economy, citing the N27tn Ways and Means loan...

Non-bank Transactions Surge Threatens W’Africa’s Financial Stability – Cardoso The Governor of the Central Bank of Nigeria, Yemi Cardoso, has raised concerns about the growing volume of financial transactions by non-bank and Other Financial Institutions, saying they pose significant risks to the stability of the...