Tag: Cardoso

Nigeria’s reform programme focuses on rules-based economic management, transparent markets and predictable policies to restore investor confidence.

An official described the occasion as “a defining moment, a bold statement of intent that signals a new dawn for ...

The governor said Lagos-produced rice would be sold for between N57,000 and N58,000 per 50kg bag.

According to official data from the National Bureau of Statistics (NBS), Nigeria’s trade surplus expanded by 44 per cent in ...

The meetings are expected to focus on key global economic issues, including debt sustainability, inflation pressures, and strategies for inclusive ...

Messrs Cardoso and Edun are expected to make clarifications on allegations of non-compliance with the provisions of Fiscal Responsibility Act ...

“For too long, many Nigerians abroad have faced difficulties accessing financial services at home due to physical verification requirements.”

The contempt suit was filed by Melrose General Services Limited, which claims the CBN has failed to fully implement a ...

The consultants are now mockingly called "Cardoso women" across the CBN. One source giggled when our reporter requested a further ...

“A GDP growth rate of 5.5 per cent is achievable if Nigeria continues with stability-focused reforms.”

The Central Bank of Nigeria said diaspora remittances increased year-on-year by 130 per cent to $553 million in July 2024 ...

Inflation is one of the most pressing challenges facing Nigeria, impacting both households and businesses.

Mr Cardoso explained that CBN anticipated the price increase and used the interest rate hike to cushion its inflationary impact.

Mr Cardoso also said that an assessment of the performance of Nigeria’s financial institutions indicated that they were stable.

Mr Cardoso said the recapitalisation in the banking industry would strengthen the financial capacity and stability of the country.

Mr Cardoso also said the CBN is "relatively pleased" with the progress it has made in stabilising the naira

Nigeria's overall inflation rate rose to 33.2 per cent in the same month, reflecting a 1.5 percentage point increase from ...

The CBN instructed each BDCs to sell the dollars to eligible customers at a rate not exceeding 1.5 per cent ...

In a letter, dated 27 February, the lawmakers accused Mr Cardoso of shunning invitations to its hearing on revenue leakages ...

The president's request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.

The World Bank currently has over 30 ongoing projects in Nigeria.

Mr Cardoso and others are to brief the lawmakers on the state of the naira and the implementation of the ...

The new MPC will complement the fiscal side and ensure that they are moving the economy in the right direction, ...

"We believe that the naira is currently undervalued and, coupled with coordinated measures on the fiscal side, we will expedite ...

The lawmakers issued the arrest warrant following their refusal to appear before them to answer questions on the oil sector.