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Why Nigerian insurance is one of the lowest globally - CPPE

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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

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Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy

Cardoso hints at lower interest rates as inflation eases

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the coming months as inflation continues to ease, raising hopes for improved access to credit and stronger investment flows. Cardoso gave the assurance during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level Forum […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy featured

CBN, Brazil central bank hold talks to boost economic cooperation

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, to strengthen economic and financial cooperation between the two countries. The discussions took place during President Bola Tinubu’s state visit to Brazil and formed part of a broader working visit by the Central Bank […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
News

Cardoso calls for African unity as Afreximbank assets top $40b

The Governor of the Central Bank of Nigeria, Yemi Cardoso, has urged greater strategic alignment among African nations as the African Export-Import Bank expands its capital assets beyond $40 billion as of 2024. He made the call on Wednesday during his remarks at the Afreximbank 2025 Annual Meetings, held under the theme “Building the Future […]

News

Cardoso reassures investors of macroeconomic stability, confidence

The Central Bank of Nigeria Governor, Olayemi Cardoso, has reassured international investors that ongoing reforms are steadily bringing about macroeconomic stability and boosting confidence in the economy. Cardoso made this disclosure at a forum in New York, organized by the apex bank in collaboration with J.P. Morgan, the Nigerian Exchange Group, and the Africa Private […]

Private sector laments loan repayment as interest rate hits 26.26%
News

Cardoso reaffirms commitment to gender-balanced leadership

The Central Bank of Nigeria Governor, Olayemi Cardoso, has reaffirmed the bank’s commitment to gender-balanced leadership. He revealed that women now make up 35% of the bank’s directors and half of its non-executive board, marking significant progress from previous levels. Speaking at the grand finale of the International Women’s Day celebrations at the CBN Head […]

Private sector laments loan repayment as interest rate hits 26.26%
Economy

Cardoso confirms positive steps in FX market stabilization

Governor Olayemi Cardoso of the Central Bank of Nigeria has expressed optimism about the progress in stabilizing the foreign exchange market and controlling inflation. He noted that recent policy reforms are beginning to show positive results. Cardoso made this disclosure during an interaction with scholars from the Harvard Kennedy School at the CBN headquarters in […]

News

Cardoso urges action to address shortage of finance professionals

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has emphasized the urgent need to tackle the shortage of skilled professionals in finance-related fields within Nigerian universities. In a statement released by the CBN on Sunday, Cardoso made this call during a strategic meeting held at the CBN headquarters in Abuja, according to […]

Bankers oppose removal of retained earnings in CBN terms
News

Nigeria’s external reserves surge to $39.07bn – Cardoso

Nigeria’s external reserves have continued to grow, reaching $39.07 billion as of September 19, 2024. This increase reflects positive trends in foreign exchange inflows and ongoing efforts to stabilize the economy. This was disclosed by the Governor of the Central Bank of Nigeria, Yemi Cardoso, at a press briefing at the end of the 297th […]

Private sector laments loan repayment as interest rate hits 26.26%
News

FAAC allocations affect exchange rate stability – Cardoso

The Central Bank of Nigeria has indicated a significant correlation between monthly disbursements from the Federation Account Allocation Committee and liquidity levels in the banking system. The CBN noted that these disbursements play a crucial role in influencing exchange rates. The Governor of the CBN, Mr. Yemi Cardoso, made this disclosure at the press briefing […]

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