High interest rate spread in Nigerian banks could potentially drag the country's economy by 20 to 30 percent, adding more ...

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The Central Bank of Nigeria has said that without its policy interventions, inflation could have risen to 42.81 per cent in December 2024.The CBN Governor, Yemi Cardoso, made this known at the 2025 ...

Cardoso has said that without the bank’s policy interventions, inflation would have surged to 42.81 per cent by December 2024.

The implementation of the unified foreign exchange policy has delivered the expected outcomes, as remittances via International Money Transfer Operators reached $4.18 billion.

Share…Says disinflation is within reach in 2025 The decisive tightening policy interventions of the Central Bank of Nigeria (CBN), using orthodox approaches saved the headline inflation from hitting ...

“Counterfactual estimates suggest that without these decisive policy interventions, inflation could have reached 42.81% by December 2024,” Cardoso stated. He stated that throughout 2024, the CBN ...

City of Redmond’s Mayor Ed Fitch will deliver his annual State of the City address from 10-11am on Thursday, February 6, at ...

The verification procedure for the remaining $2.4 billion foreign exchange (FX) backlog is being completed, according to the Central Bank of Nigeria (CBN). Payments for legitimate claims are about ...

ShareBusinesses and households in the country are expecting the current high level of inflation to gradually ease over the ...

The Naira has appreciated to ₦1,640 per dollar in the parallel market, strengthening from ₦1,655 recorded on Monday, January ...

Cardoso said the FX Code is aimed at ensuring transparency and checking unethical practices in the country’s financial sector ...