Nigerians Repay ₦1.33tn Loans as Debt Drops
In a major shift toward household deleveraging, Nigerians repaid approximately ₦1.33tn in personal loans over a twelve-month period, driven by ...
Tag: Olayemi Cardoso
Thirty Banks Clear CBN Hurdle as Recapitalisation Nears End
The Central Bank of Nigeria has said 30 banks have now met the new minimum capital requirements introduced under its ...
Net Reserves Disclosure Signals Shift Toward Transparency in External Sector Management
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso's revelation that the country's net foreign exchange reserves stood at $34.8 billion ...
Stablecoins Could Slash Remittance Costs Below 1%
In a significant push for financial modernization, the Africa Stablecoin Network (ASN) has formally endorsed the call by Central Bank ...
CBN Cuts Interest Rate to 26.5 Percent
In a definitive shift from its aggressive monetary tightening stance, the Central Bank of Nigeria (CBN) has officially reduced its ...
CBN Flags Digital Payments Risk to FX
The Central Bank of Nigeria (CBN) has issued a firm warning that the rapid rise of digital payment platforms and ...
Nigeria Secures Strategic Lead in Africa’s Monetary Integration
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hailed the African Union’s (AU) decision to grant ...
CBN Set to Release BDC FX Guidelines
The Central Bank of Nigeria (CBN) is set to release a comprehensive new regulatory framework for Bureau De Change (BDC) ...
Agribusiness Leads BOI’s Record N636bn Fund Push
In a major boost to Nigeria’s agricultural and industrial landscape, the Bank of Industry (BOI) has announced a record-breaking disbursement ...
Nigeria’s Money Supply Hits Historical High
Nigeria’s financial landscape is currently defined by a striking paradox: while the Central Bank of Nigeria (CBN) has engaged in ...
