Tag: Yemi Cardoso

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50% from 27.25% in a bid to address rising inflation. This decision was made during the ...

The naira’s depreciation reached a new low last weekend, hitting ₦1,740 per dollar in the parallel market as pressure on Nigeria’s currency continues to intensify. In contrast, the Nigerian Autonomous ...

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that the recent sharp decline in the value of the naira presents a significant opportunity for Nigeria ...

The Naira has lost over half its value since Yemi Cardoso became Governor of the Central Bank of Nigeria (CBN). As of September 20, 2024, the currency fell to N1,541.52 ...

Yemi Cardoso, the Central Bank Governor, proudly announced that the Naira has secured the title of the best-performing currency globally as of April 2024. This notable achievement stems from a ...

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has responded to concerns regarding the dwindling external reserves, asserting that the decline is not a result of the ...

In a startling revelation, it has been uncovered that Tony Elumelu, the renowned businessman and founder of Heirs Holdings, has defaulted on a staggering N41.5 billion loan with a hefty ...

Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to work towards real price discovery in the foreign exchange market ...

Mr. Yemi Cardoso, the Governor of the Central Bank, has acknowledged that the naira is currently undervalued and has pledged that the bank will work towards achieving genuine price discovery ...

Financial experts have cautioned the Nigerian government against hastily implementing the recapitalization of commercial banks, urging careful consideration of micro and macroeconomic indices before enforcing the policy. While acknowledging the ...