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Tag: Olayemi Cardoso

Nigeria's inflation will fall to 21% in 2024 - Cardoso
featured

Nigeria’s inflation will fall to 21% in 2024 – Cardoso

Despite rising food and commodity prices,  the governor of the Central Bank of Nigeria, Olayemi Cardoso, has guaranteed that Nigeria’s inflation rate will decline to 21.4% in 2024. Cardoso disclosed this to MPs during his briefing during the sectoral debate on the economy on Tuesday, February 6, 2024, in the House of Representatives. Cardoso bemoaned the […]

ESCAP urges urgent CBN MPC meeting to raise interest rates
Banking

ESCAP urges urgent CBN MPC meeting to raise interest rates

The director of ESCAP Management, Esili Eigbe urged Olayemi Cardoso, the governor of the Central Bank of Nigeria to convene an urgent Monetary Policy Committee (MPC) meeting in order to raise interest rates at the bank. He added that while the Central Bank’s reforms on the Forex market are a positive development, they were implemented later than necessary. Despite […]

Economy

Naira strengthens at official window, weakens on black market

The naira appreciated in the official window on Monday following a statement by the governor of the Central Bank of Nigeria, Olayemi Cardoso. According to The PUNCH, in the statement, he assured the public that the central bank was working to address the currency’s volatility. Based on information from the FMDQ, the local currency increased by […]