Dangote Flays CBN’s 30% Interest Rate
Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN).
While addressing the audience during the opening session of a...
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...
Nigeria’s Money Supply Nears N100trn in May
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.
The latest money and credit statistics data from the Central Bank of Nigeria (CBN) reveals a month-on-month (M-o-M) increase...
CBN Parleys OPS to Boost Productive Sector
The Central Bank of Nigeria (CBN) recently hosted a dialogue between the Organised Private Sector (OPS) and relevant stakeholders to explore strategies for enhancing Nigeria’s productive sector.
The meeting held at the bank’s Lagos office focused on exploring how...
Naira, Two Others Worst Performing Currencies in 2024 – Bloomberg
The naira has emerged as the worst-performing currency in the world in the first half of 2024.
According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by...
Cardoso: A Timely Advocacy for Transparency, Accountability in Nigeria’s Debt Management
 By Abdulrahman Abdulraheem
Nigeria is regarded as one of the potentially wealthy and resource-rich countries in the world even though the huge potential is yet to translate into real economic prosperity for the nation. Just...
