cardoso

  1. New ₦50 Government Charge on Bank Transfers Over ₦10,000 Begins January 1

    Nigeria New ₦50 Government Charge on Bank Transfers Over ₦10,000 Begins January 1

    The Digest: A ₦50 stamp duty on electronic transfers above ₦10,000 will take effect January 1, payable by the sender, adding to existing bank fees and deepening financial pressure on households. Key Points: The charge is a government levy separate from regular bank transfer fees. It applies...
    • Nigeria News
    • Article
    • 1 min read
    • cardoso stamp duty transfer charge
    • Category: Business
  2. Cardoso Hints at Future Rate Cuts as Inflation Eases, Backs Bank Recapitalization

    Nigeria Cardoso Hints at Future Rate Cuts as Inflation Eases, Backs Bank Recapitalization

    The Digest: Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has indicated that lending rates could decrease once inflationary pressures subside and market efficiency improves. Speaking at the European Business Chamber forum in Lagos, Cardoso emphasized that current monetary tightening...
  3. CBN Gov Cardoso: Nigeria’s Diaspora Inflow Rises to $600m Monthly

    Nigeria CBN Gov Cardoso: Nigeria’s Diaspora Inflow Rises to $600m Monthly

    The Digest: The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that diaspora remittance inflow has surged from $200 million to $600 million monthly. Key Points: CBN Governor Olayemi Cardoso announced a surge in diaspora inflow. The monthly inflow increased...
  4. Nigeria’s Economy Stabilizing, But Many Nigerians Still Feel the Pinch

    Nigeria Nigeria’s Economy Stabilizing, But Many Nigerians Still Feel the Pinch

    The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, affirmed that Nigeria’s economy is stabilizing, highlighting improved investor confidence over the past 18 months. This reflects growing optimism amid better macroeconomic fundamentals. Investor confidence in Nigeria’s economy has...
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