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.
No pressure, Cardoso: CBN holds rate at 27.50%
Nigeria's Central Bank maintains the benchmark interest rate at 27.50%. This decision marks the end of a rate-tightening cycle initiated in September 2023.
