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’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: 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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Nigeria’s FX reserves drop by $832.6m amid rising debt servicing
Nigeria’s FX reserves have dropped by $832.62 million in two weeks – between January 6 and January 21, hurting the country’s ...
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Appeal Court dismisses case seeking suspension of N579 billion stamp duty judgement
The Court of Appeal in Abuja onFriday dismissed an application seeking to suspend the execution of a Federal High Court ...
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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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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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FOI Act: Court of Appeal sets aside judgment striking out suit against CBN
The Court of Appeal, Abuja Division has set aside a judgment of a Federal High Court which struck out a suit filed against the Central Bank of Nigeria (CBN) for refusing to respond to an application ...
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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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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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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 ...