Despite trillions in intervention funds, agriculture sector GDP is shrinking
The performance of the agricultural sector in the first quarter of the year reflects the current situation with food security ...
Tag: Yemi Cardoso
Unlike Emefiele, Heritage Bank closure shows Cardoso’s CBN is willing to let banks fail
In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank's operating license, effectively closing ...
Top 10 banks with lowest lending rates for real estate businesses in Nigeria
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis ...
Foreign portfolio outflows surge by 237% in Q1 2024 amid CBN reforms
Foreign portfolio investment (FPI) outflows surged by 237% in the first quarter (Q1) of 2024 compared to the same period ...
Forex supply jumps 66% as CBN hikes interest rates
Naira appreciated slightly on the official market, despite a substantial 66% increase in foreign exchange (FX) supply and a new ...
CBN looking to double diaspora remittance inflows in 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the bank aims to double ...
High FX rate, insecurity, others driving food inflation in Nigeria – CBN Committee
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has listed high foreign exchange rate on imported food ...
CBN’s committee blames volatility in FX market on seasonal demand for dollar
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign ...
CBN increases interest rate by 150 basis points to 26.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points ...
Diaspora remittances fall 6.28% to $282.61 million in Q1 2024 amid CBN’s reforms
Nigeria recorded $282.61 million as total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024.
