Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Gov, Cardoso
The Central Bank of Nigeria Governor, Olayemi Cardoso, on Thursday, said the country’s Gross Domestic Product is expected to grow by 4.17 percent and inflation is expected to ease in 2025. Cardoso disclosed this at a recent conference,
Nigeria's central bank says GDP to grow 4.17% in 2025, inflation to ease
Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ongoing reforms and stabilising inflation.
Nigeria: Ignore Faked Images of Attack On Nigeria's Central Bank
IN SHORT: Several photos have been posted on social media with the claim that they show an attack on Nigeria's central bank. However, the images were generated using social media platform X's artificial intelligence tool, Grok. Several Facebook posts claim that the Central Bank of Nigeria, or CBN, has been attacked.
Moremonee || M&M MFB: The fastest-growing microfinance bank in Nigeria
Under the leadership of Chairman Dr. Mohammed Nurudeen Olatunji, widely known as Dr. MO, MoreMonee has rapidly risen to become one of the fastest-growing microfinance banks in Nigeria.
CBN reveals Nigeria's expected economic growth in 2025
The Central Bank of Nigeria has countered the World Bank's 3.7 per cent economic growth outlook for Nigeria, stating the economy is expected to grow by 4.17% instead
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Zenith Bank reveals why it increased its staff salary
Zenith Bank, one of Nigeria's tier-one banks, has reportedly increased its staff salaries and promoted about 4,000 of its ...
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CBN approves release of FX Code to promote ethical conduct in Nigeria’s foreign exchange market
The Central Bank of Nigeria (CBN) has officially approved the release of the Nigerian Foreign Exchange (FX) Code, a move ...
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Nigeria’s Foreign Reserves Plummet by $832 Million in January
Nigeria's foreign exchange reserves have fallen sharply by $832 million in two weeks, raising concerns about currency stability.
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Access, Union Bank, Zenith, Other Banks Begin Implementation of PoS Withdrawal Limits
Commercial Banks have commenced the enforcement of daily and weekly withdrawal limits of N100,000 and N500,000 ordered by the ...
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Nigeria: CBN - Restoring Economic Confidence Through Monetary Policies
The Central Bank of Nigeria (CBN) has been at the forefront of bold economic reforms recently, especially in 2024, signaling a renewed commitment to stabilising the nation's economy under the ...
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Zenith Bank to increase staff salaries, promote over 4000 employees
One of Nigeria’s largest banks, Zenith Bank, is set to increase staff salaries in January as galloping inflation continues to ...
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Financial Reporting Council of Nigeria’s position on IAS 29 – Financial Reporting in Hyperinflationary Economies
The Financial Reporting Council of Nigeria (“FRC” or “the Council”) is a Federal Government regulatory agency established by ...
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Nigeria’s Biggest Bank Raises $228 Million in Rights Offer
The fresh capital inflow has received regulatory approvals from both the Central Bank of Nigeria and the Securities Exchange Commission, it said.
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CBN reveals where 95% of bank debtors took loans from in 2024
Commercial banks in Nigeria appear to be losing the credit battle, as new data shows that over 95% of loans in 2024 were ...