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Cardoso unveils top banks to power $1bn diaspora reserves goal

Damilola -
The Central Bank of Nigeria (CBN) has intensified efforts to boost foreign reserves through diaspora inflows, as Governor Olayemi Cardoso revealed a list of...

Relief ahead: CBN hints at lower lending rates as inflation cools

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has raised hopes for businesses and investors as he revealed that lending...

CBN pushes fair banking with Customers’ Bill of Rights

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The Central Bank of Nigeria (CBN) has intensified its consumer protection drive with the introduction of a Customers’ Bill of Rights, a framework designed...

Edun, Cardoso to boost fiscal and monetary policy synergy

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In a significant move aimed at consolidating Nigeria’s macroeconomic stability, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and...

MPC Holds Rate, Sparks Debate Over Inflation Risks

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking...

CBN Holds Interest Rate at 27.5% to Curb Inflation

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The Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking the third consecutive time the rate...

CBN Reforms and Economic Policies Boost Investment Appeal

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Nigeria’s investment profile is witnessing a significant revival as international investors and global institutions laud recent monetary and structural reforms championed by the Central...

IMF Endorses Economic Reforms, Urges Comprehensive Budget Overhaul

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The International Monetary Fund (IMF) has commended Nigeria’s recent wave of bold economic reforms—particularly those spearheaded by the Central Bank of Nigeria (CBN)—but has...

Economic Reforms Strategize to Bridge Forex Gap as Oil Revenues Decline

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Amid dwindling oil revenues and persistent external reserve pressures, Nigeria's Central Bank (CBN) has rolled out a series of economic reforms aimed at stabilising...

Orthodox Monetary Approach by CBN Alters Nigeria’s Liquidity Flow

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The Central Bank of Nigeria (CBN) has begun reaping the early fruits of its return to orthodox monetary policy, with improved reserve buffers and...

CBN Rakes In N3.1bn Interest from FG Loans

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The Central Bank of Nigeria (CBN) recorded a significant decline in interest income from the Federal Government's Ways and Means advances in 2024, earning...

CBN Splashes N306bn on Severance, Staff Costs

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The Central Bank of Nigeria (CBN) has confirmed that it spent a staggering N306.63 billion on staff-related expenses in 2024, marking an unprecedented spike...
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