Nigeria’s consumer credit outstanding rose significantly by 26.29 per cent to N4.42tn in November 2024, up from the preceding month’s figure of N3.5tn.
Diaspora Remittances and Cardoso’s New Tricks, by Rahma Olamide Oladosu
Diaspora remittances have long been a crucial pillar of Nigeria’s economy, providing vital foreign exchange (forex) liquidity and contributing to financial stability. These inflows from Nigerians living abroad serve as a buffer against external shocks,...
Nigeria's GDP Per Capita Drops to $835, Says IMF
According to the International Monetary Fund (IMF), Nigeria's economic performance has taken a hit, with the country's Gross Domestic Product (GDP) per capita decreasing by 4.74% to $835.49 in 2025, compared to $877.07 in 2024.
According to data from...
How CBN's Youth-friendly Policies will Drive Economic Growth - Cardoso
The Central Bank of Nigeria (CBN) has pledged to develop different youth-friendly credit policies and capacity-building programs to encourage innovation and foster economic growth.
At the Youth Action Event in Abuja on Friday, the CBN Governor,...
CBN Predicts N31.787trn Inflow from Diaspora Remittances
The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized.
The substantial increase in diaspora remittances was attributed to the...
CBN's Policies Saved Nigeria from 42.81% Inflation - Cardoso
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, revealed that the bank's strategic policy interventions prevented inflation from skyrocketing to 42.81% by December 2024.
He also projected that diaspora remittances would rise to N31.79tn...
