cbn policy
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Nigeria Ways and Means Freeze: CBN Takes Drastic Measures, No Loans to Federal Government Without Debt Settlement, Says Cardoso
Olayemi Cardoso, Governor of the Central Bank of Nigeria, revealed a significant change in the bank's policy on lending to the Federal Government. During discussions with the Senate Committee on Banking, Insurance, and Other Financial Institutions, Cardoso stated that the Central Bank will no... -
Nigeria Naira Sinks to 1,025/$: Troubling Plunge Sparks Fears of Economic Unrest
Nigeria is grappling with a deepening economic crisis as the Naira plunged to an alarming exchange rate of 1,025 Naira to the US dollar in the parallel market. This decline, which continues to sow panic and instability, has ignited concerns among small-scale enterprises, manufacturers, and...
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