CBN Building – InfoStride News

Nigeria’s Central Bank Delays MPC Meeting Amid Economic Precarity

Temitope Nlewemchi — Mon, 20 Nov 2023 16:26:54 +0000

Infostride News reported that the Central Bank of Nigeria (CBN) has once again delayed a scheduled meeting of its monetary policy committee (MPC), leaving investors and analysts eagerly anticipating the strategies new Governor Olayemi Cardoso may employ to address the escalating inflationary pressures. In a report published by Bloomberg on Monday, the CBN’s Director of [...]

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Nigerians Navigate Economic Challenges, Borrowing Soars to N290bn in 3 Months – CBN Reveals

Temitope Nlewemchi — Tue, 14 Nov 2023 16:22:00 +0000

The economic challenges facing Nigeria have led to a surge in borrowing, with approximately N290 billion borrowed from banks in just three months. This revelation comes from the Central Bank of Nigeria’s (CBN) Economic Report for the Second Quarter of 2023. In contrast to the first quarter of the same year, consumer credit, encompassing personal [...]

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