Tag: Olayemi Cardoso

CBN’s Rate Cut ‘Not Enough,’ Says Private Sector Demanding Credit Relief

Editor

After three consecutive pauses, the Central Bank of Nigeria’s  (CBN) Monetary Policy Committee lowered the benchmark interest rate to 27.0 percent, the first drop in 2025 and an indication of a policy change in favour of economic recovery. Although they applauded the action, members of the Organised Private Sector contended that the cut was insufficient to alleviate the credit crunch on small firms and manufacturers. Following the committee’s 302nd meeting, CBN Governor Olayemi Cardoso announced the decision at a press event in Abuja on Tuesday. He added that all 12…

CBN: Lending Rates Expected to Fall as Inflation Eases

Editor

As inflation continues to decrease, Mr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has signaled that lending rates may drop in the upcoming months, boosting optimism for better credit availability and more robust investment flows. During a fireside talk at the European Business Chamber’s (Eurocham Nigeria) C-Level Forum in Lagos on Saturday, Cardoso provided the assurance. The CBN reiterated its commitment to macroeconomic stability, a more robust banking industry, and establishing Nigeria as a premier investment destination in a statement released on Sunday. The CBN governor…