The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed the reasons behind the bank's decision to further tighten monetary policy, including raising the interest rate to 27.25%.
CBN Maintains 5% Ways and Means Advance Despite N’Assembly Bill
The Central Bank of Nigeria (CBN) has maintained its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025, despite a bill passed by the National...
The Central Bank of Nigeria (CBN) has released data stating that Nigeria’s external reserves have declined by 0.68 percent to $36.620 billion as of August 12, 2024, down from $36.872 billion on August 7, 2024.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has again reaffirmed the Bank’s commitment to implementing policies that foster sustainable growth in the financial markets while ensuring overall economic stability.
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...
Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has reiterated the Bank’s commitment to collaborating with relevant financial institutions, fiscal authorities, and the National Assembly in order to ensure the success of the ongoing bank recapitalization exercise.
