The effects of inflation became manifestly apparent over the past two years, when it soared to a dizzying 34.8%. Whilst this figure falls short of the astronomical 72.84% recorded in 1995.

Cardoso: Restoring the Dignity of Naira with Painstaking Reforms, by Rahma Olamide Oladosu   The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, took the helm of affairs at a time the Naira was on a free fall. Despite his initial steps to arrest the downward...

Global Tensions, Tariffs May Impact Nigeria's Economic Outlook - Cardoso   The Central Bank of Nigeria (CBN) has expressed concerns about the impact of global economic risks on Nigeria's economy. Speaking after the bank's 299th Monetary Policy Committee (MPC) meeting in Abuja on Thursday, the CBN Governor,...

Why we Projected Moderation in Inflation, Maintained Key Rates - CBN   The Central Bank of Nigeria (CBN) has expressed optimism about a gradual drop in inflation rates, citing recent macroeconomic developments that are expected to positively impact price dynamics in the near to medium term. CBN...

The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called for stronger economic ties between Nigeria and the Middle East.

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.