Cardoso’s CBN cuts government advances by 58%, signaling new fiscal discipline
Governor Yemi Cardoso leads the Central Bank of Nigeria in reducing direct lending to the federal government. Ways and Means advances decreased by 58% to ₦3.26 trillion in 2024 from ₦7.94 trillion in 2023.
Nigeria’s inflation accelerates to 24.23% post-rebasing
Nigeria's inflation rate increased to 24.23% in March 2025, up from 23.18% in February. Food inflation decreased to 21.09% in March from 23.51% in February.
