Loans to Government Now N42trn – CBN   Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year. According to the Money and Credit Statistics data...

CBN, IFC Agree on $1bn Investments in Major Sectors   The International Finance Corporation (IFC) a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key...

Skilled Graduates Required to Boost Nigeria's Financial Sector The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has highlighted the need to address the shortage of skilled professionals in finance-related disciplines across Nigerian universities. According to a press statement by the CBN on Sunday, Cardoso...

Nigeria’s Foreign Reserves Rose to $39bn in October – Cardoso The governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country’s foreign reserves rose by 12.74 percent to $39.12 billion as of October 11. Cardoso spoke on Tuesday when he appeared before the house...

Nigeria's Capital Spending Decreases by 25.3% – CBN Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn in the corresponding period last year. It was observed that this decline occurred despite the government operating four...

During the 30th Nigeria Economic Summit in Abuja, Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), stated that increasing financial inclusion for women is a top priority.