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Olayemi Cardoso

Business and Economy

14 banks have met recapitalisation requirements – Cardoso

FOURTEEN financial banks in Nigeria have met their March 2026 recapitalisation requirement, according to the governor of the Central...
Harrison EDEH -
Business and Economy

Business lending to cost less as CBN cuts interest rate to 27%

THE borrowing costs for businesses by financial lending institutions will lessen slightly as the monetary policy committee (MPC) of...
Harrison EDEH -
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Business and Economy

What Nigeria’s $41billion foreign reserve rise means for economy

NIGERIA's gross foreign reserves increased to $41.05 billion as of August 20, the highest in about four years, demonstrating...
Ehime ALEX -
Business and Economy

MPC meeting: CBN keeps interest rate at 27.5%

THE Central Bank of Nigeria (CBN) kept the benchmark interest rate unchanged at 27.5 per cent on Tuesday, May...
Ehime ALEX -
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Banking and Finance

Forensic verification of $7bn FX backlogs show corruption – CBN

THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said that forensic verification of $7 billion foreign...
Ehime ALEX -
Banking and Finance

CBN launches payment solutions to track MDA spendings, promote digital documentation

THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has launched two policy initiatives -  the document...
Harrison EDEH -
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