The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said the current management team is stabilising the economy, curbing inflation, and restoring investors’ confidence as critical milestones in the Bank’s ongoing economic reform agenda on Thursday, including a…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has revealed that Nigeria’s foreign exchange reserves have surpassed $40 billion, marking the highest level in over two and a half years. Cardoso made the announcement during a…
…Blames previous administrations for failing to diversify economy By Matthew Denis, Abuja The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has disclosed that there’s an increment in forex inflow into the country from $200million to approximately…
By Esther Agbo Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has called for greater inclusion of African countries in the governance and decision-making processes of global financial institutions such as the World Bank and the International Monetary Fund (IMF).…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures. Cardoso who said this on Tuesday in Abuja, while presenting a communique from the…
The Central Bank of Nigeria has reaffirmed its commitment to supporting the federal government’s target of achieving a $1tn economy. Speaking at the Afrinvest 2024 Banking Sector Report Launch, Acting Director of Financial Policy and Regulations, Mr John Onoja, representing…
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the country’s external reserve increased to $36.89 billion as of July 16 2024 amid the banks’ policy interventions. Cardoso disclosed this on Friday in Abuja during an engagement…
The Central Bank of Nigeria (CBN) said in Abuja on Friday that its monetary policies and actions have stimulated growth and stability of the nation’s economy. CBN Governor, Mr. Olayemi Cardoso, said this during an engagement with Senate Committee on…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening measures and hinder the nation’s growth potential. He said this in the foreword of the inaugural edition of the CBN’s…
